Subsidiary

Practical Law Glossary Item 5-383-2228 (Approx. 2 pages)

Glossary

Subsidiary

In the context of finance transactions and with respect to any person, any company, partnership, or limited liability company at least 50% of the outstanding voting stock (or comparable ownership interest) of which is owned, directly or indirectly, by such person or by one or more subsidiaries of such person.
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Resource ID 5-383-2228
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