Nebraska Statutes 71-7433. Common control, defined
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Common control means that the power to direct or cause the direction of the management and policies of a person or an organization by ownership of stock or voting rights, by contract, or otherwise is held by the same person or persons.
Source
- Laws 1992, LB 1019, § 6;
- R.S.1943, (2003), § 71-7406;
- Laws 2006, LB 994, § 7.
Terms Used In Nebraska Statutes 71-7433
- Common control: means that the power to direct or cause the direction of the management and policies of a person or an organization by ownership of stock or voting rights, by contract, or otherwise is held by the same person or persons. See Nebraska Statutes 71-7433
- Contract: A legal written agreement that becomes binding when signed.
- Person: shall include bodies politic and corporate, societies, communities, the public generally, individuals, partnerships, limited liability companies, joint-stock companies, and associations. See Nebraska Statutes 49-801