; and (C) with respect to a liability, refers to any liability owed to any creditor that is a person of the country, including an enterprise owned or controlled by the government of the country. (2) Person of the country (A) In general Except as provided in subparagraph (B), with respect to a country, the term person of the country means— (i) an individual who is a citizen of the country; or (ii) a branch, partnership, group or subgroup, association, estate, trust, corporation or division of a corporation, or other organization if— (I) it is organized under the laws of the country; (II) its principal place of business is in the country; or (III) its equity securities are primarily traded on one or more exchanges of the country. (B) Exception The term person of the country does not include any branch, partnership, group or subgroup, association, estate, trust, corporation or division of a corporation, or other organization for which it is demonstrated that a majority of the equity interest in the organization is ultimately owned by nationals of the United States.