Nevada Revised Statutes 78.431 – ‘Subsidiary’ defined
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‘Subsidiary’ of any resident domestic corporation means any other entity of which a majority of the voting power is held, directly or indirectly, by the resident domestic corporation.
Terms Used In Nevada Revised Statutes 78.431
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Entity: means a foreign or domestic:
(1) Corporation, whether or not for profit;
(2) Limited-liability company;
(3) Limited partnership; or
(4) Business trust. See Nevada Revised Statutes 78.010