Nevada Revised Statutes 78B.070 – ‘Subsidiary’ defined
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‘Subsidiary’ means an entity in which a person owns beneficially or of record 50 percent or more of the outstanding equity interests.
Terms Used In Nevada Revised Statutes 78B.070
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039