Glossary of the 1993 SNA - Definition of Term |
| Term | Subsidiary corporation | | Definition | Corporation B is said to be a subsidiary of corporation A when either (a) corporation A controls more than half of the shareholders’ voting power in corporation B; or (b) corporation A is a shareholder in corporation B with the right to appoint or remove a majority of the directors of corporation B. | | Paragraphs | 4.32. |
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