Indiana Code 6-5.5-1-14. “Subsidiary”
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Sec. 14. “Subsidiary” means:
(2) an entity other than a corporation that is taxed as a corporation under the Internal Revenue Code and fifty percent (50%) of whose net worth;
(1) a corporation fifty percent (50%) or more of whose voting stock; or
Terms Used In Indiana Code 6-5.5-1-14
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
is owned by another legal entity.
As added by P.L.347-1989(ss), SEC.1. Amended by P.L.21-1990, SEC.17.