Parent company

Parent company means a company that:
(1) Exercises ultimate ownership of the applicant company either directly, by ownership of a majority of that company's voting securities, or indirectly, by control over a majority of that company's voting securities through one or more intermediate subsidiary companies or otherwise, and
(2) Is not itself subject to the ultimate ownership control of another company.

Source

10 CFR § 600.501

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Scoping language

The definitions in 600.3 of this part, including the definition of the term financial assistance, are applicable to this subpart. In addition, as used in this subpart:

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