31 C.F.R. § 800.215 Parent.
Title 31 - Money and Finance: Treasury
The term parent, as used in §§800.302 and 800.402, means a person who or which, directly or indirectly, (a) Holds or will hold 50 percent or more of the outstanding voting securities of an entity; or (b) In case of an entity that has no outstanding voting securities, holds or will hold the right to 50 percent or more of the profits of the entity, or has or will have the right in the event of the dissolution to 50 percent or more of the assets of the entity. Example. Corporation P holds 50 percent of the voting securities of Corporations R and S. Corporation R holds 40 percent of the voting securities of Corporation X, and Corporation S holds 50 percent of the voting securities of Corporation Y. Corporation P is a parent of Corporations R, S and Y, but not of Corporation X. Corporation S is a parent of Corporation Y because it holds 50 percent of the voting securities of Corporation Y. [56 FR 58780, Nov. 21, 1991. Redesignated at 59 FR 27179, May 25, 1994]
Title 31: Money and Finance: Treasury
PART 800—REGULATIONS PERTAINING TO MERGERS, ACQUISITIONS, AND TAKEOVERS BY FOREIGN PERSONS
Subpart B—Definitions
§ 800.215 Parent.
