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sub·sid·i·ary /səb-'si-dē-ˌer-ē, -'si-də-rē/ n pl -ar·ies: a company having the majority of its stock owned by another company compare affiliate◇ The parent company of a subsidiary generally has the same policy-making powers as any majority owner and can do such things as appoint directors and hire officers. The subsidiary is controlled by the parent through these powers, and the parent may be held liable for the acts of the subsidiary if the subsidiary is found to be an instrumentality of the parent.subsidiary adj
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
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I
noun
adjuvant, aiding, assistant, auxiliary, cooperating, helping, secondary, subordinate, subservient, subsidiarius, supplemental, supplementary
associated concepts: subsidiary corporation
II
index
affiliate, appurtenance, appurtenant, chapter (branch), circumstantial, contingent, derivative, extraneous, extrinsic, incident, incidental, inferior (lower in position), minor, offshoot, organ, pendent, secondary, slight, subaltern, subordinate, subservient, supplementary
Burton's Legal Thesaurus. William C. Burton. 2006
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A subsidiary is a company owned or controlled by a parent or holding company. The relationship between parent and subsidiary depends on majority control of the voting rights of the shares or the ability to appoint the majority of directors.
Easyform Glossary of Law Terms. — UK law terms.
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adj.Under the control of another.n.A company controlled by another company that owns a majority of the shares of its stock; also called a subsidiary corporation.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
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a company is a subsidiary of another company if the second company (the parent) owns more than 50 per cent of the ordinary share capital of the first company or otherwise has voting control over it.
Collins dictionary of law. W. J. Stewart. 2001.
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A corporation or other limited liability entity that operates under the legal authority of a larger "parent" corporation. Typically, a parent corporation owns a controlling interest in the shares of a subsidiary corporation, giving the parent the votes necessary to control who is appointed to the subsidiary's board of directors.Category: Business, LLCs & Corporations
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
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subsidiaryA company which is controlled by another company (its holding company). Under section 736 of the Companies Act 1985, whether or not one company is a subsidiary of another depends effectively on whether the other company:• Holds a majority of the voting rights; or• Is a member and has the right to appoint or remove a majority of the directors; or• Controls, alone or with other shareholders or members, a majority of the voting rights at board meetings.Related links+ subsidiaryUSAIn the context of finance transactions, and with respect to any person, any company, partnership or limited liability company at least 50% of the outstanding voting stock (or comparable ownership interest) of which is owned, directly or indirectly, by such person or by one or more subsidiaries of such person.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
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Auxiliary; aiding or supporting in an inferior capacity or position. In the law of corporations, a corporation or company owned by another corporation that controls at least a majority of the shares.
Dictionary from West's Encyclopedia of American Law. 2005.
- subsidiary
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Auxiliary; aiding or supporting in an inferior capacity or position. In the law of corporations, a corporation or company owned by another corporation that controls at least a majority of the shares.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
