### Question
How does DOMESTIC SECURITIES define issuer?


### Answer
Under *15 U.S.C. § 77b*, **issuer** is defined as:

> the owner of any such right or of any interest in such right (whether whole or fractional) who creates fractional interests therein for the purpose of public offering

#### Citation:
  - *15 U.S.C. § 77b*
  - Heading: **CHAPTER 2A-SECURITIES AND TRUST INDENTURES > SUBCHAPTER I-DOMESTIC SECURITIES**

