NRS 463.488 - “Subsidiary” defined.

NV Rev Stat § 463.488 (2019) (N/A)
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“Subsidiary” means:

1. A corporation any part of whose outstanding equity securities are:

(a) Owned;

(b) Subject to a power or right of control; or

(c) Held with power to vote,

by a holding company or intermediary company; or

2. A firm, partnership, limited partnership, limited-liability company, trust or other form of business organization not a natural person, any interest in which is:

(a) Owned;

(b) Subject to a power or right of control; or

(c) Held with power to vote,

by a holding company or intermediary company.

(Added to NRS by 1969, 366; A 1993, 2004)