17 CFR 260.7a-26 – Disclaimer of control
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If the existence of control is open to reasonable doubt in any instance, the applicant or the trustee, as the case may be, may disclaim the existence of control and any admission thereof; in such case, however, a statement shall be made of the material facts pertinent to the possible existence of control.
Terms Used In 17 CFR 260.7a-26
- control: means the power to direct the management and policies of a person, directly or through one or more intermediaries, whether through the ownership of voting securities, by contract, or otherwise. See 17 CFR 260.0-2
- Trustee: A person or institution holding and administering property in trust.