ARTICLE 3

General Definitions

1. For the purposes of this Convention, unless the context otherwise requires, it is understood that:

a) the term "person" includes an individual or legal person, including a company, a corporation, a trust, a partnership, an association, an estate, and any other body of persons;

b) the term “company” means any body corporate or any entity which is treated as a body corporate for tax purposes;

c) the terms “enterprise of Contracting State” and "enterprise of the other Contracting State" mean, respectively, an enterprise carried on by a resident of a Contracting State and an enterprise carried on by a resident of the other Contracting State;

d) the term "international traffic" means any transport by a ship or aircraft, except when such transport is solely between places in the other Contracting State;

e) the term "competent authority" means:

(i) in the United States, the Secretary of the Treasury or his authorized representative; and

(ii) in Mexico, the Ministry of Finance and Public Credit; f) the term "United States" means the United States as defined in the Internal Revenue Code;

g) the term "Mexico" means Mexico as defined in the Federal Fiscal Code; h) the term "national" means

(i) any individual possessing the nationality of a Contracting State; and (ii) any legal person, association, or other entity deriving its status as such from the law in force in a Contracting State.

2. As regards the application of the Convention by a Contracting State, any term not defined therein shall, unless the context otherwise requires, have the meaning which it has under the laws of that State concerning the taxes to which the Convention applies.