463.488 - “Subsidiary” defined. - Nevada Statutes

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)