Parent organization

Parent organization means the legal entity that exercises a controlling interest, through the ownership of shares, the power to appoint voting board members, or other means, in a Part D sponsor or MA organization, directly or through a subsidiary or subsidiaries, and which is not itself a subsidiary of any other legal entity.

Source

42 CFR § 423.4

---

Scoping language

The following definitions apply to this part, unless the context indicates otherwise:

---

Is this correct? or