463.488 - “Subsidiary” defined.
463.488 “Subsidiary” defined. “Subsidiary” means:
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,
Ê 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,
Ê by a holding company or intermediary company.
(Added to NRS by 1969, 366; A 1993, 2004)