Nevada Revised Statutes 463.488 – ‘Subsidiary’ defined
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‘Subsidiary’ means:
Terms Used In Nevada Revised Statutes 463.488
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
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.