### Question
How does SECURITIES AND TRUST INDENTURES define issuer?


### Answer
Under *15 U.S.C. § 78c*, **issuer** is defined as:

> any person who issues or proposes to issue any security

#### Citation:
  - *15 U.S.C. § 78c*
  - Heading: **CHAPTER 2A-SECURITIES AND TRUST INDENTURES > SUBCHAPTER III-TRUST INDENTURES**

