(1) controls, is controlled by, or is under common control with another legal entity; or

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     (b) For purposes of this section, “control”, with respect to a company, means:

(1) ownership of, or the power to vote, more than fifty percent (50%) of the outstanding shares of any class of voting security of the company;

(2) control in any manner over the election of a majority of the directors or of individuals exercising similar functions; or

(3) the power to exercise controlling influence over the management of the company.

As added by P.L.94-2023, SEC.1.