5:12-47 - "Subsidiary" - New Jersey Statutes

5:12-47.   "Subsidiary"     "Subsidiary" --a.  Any corporation, any significant part of whose outstanding equity securities are owned, subject to a power or right of control, or held with power to vote, by a holding company or an intermediary company;  or

    b.   A significant interest in any firm, association, partnership, trust or  other form of business organization, not a natural person, which is owned, subject to a power or right of control, or held with power to vote, by a holding company or an intermediary company.

     L.1977, c. 110, s. 47, eff. June 2, 1977.  Amended by L.1979, c. 282, s. 9, eff. Jan. 9, 1980.