NRS463.488. “Subsidiary” defined.

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“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)

                    
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