Parent

Parent means any person that directly or indirectly owns or controls at least 50 percent of another person. If an owner's parent is directly or indirectly controlled at least 50 percent by another person, that person is also a parent of the owner. Therefore, an owner may have multiple parents.

Source

46 CFR § 68.103

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Scoping language

In addition to the terms defined in 67.3 of this chapter, as used in this subpart

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