affiliate company

affiliate company
Company effectively controlled by another company. A branch, division, or subsidiary. Under Investment Company Act (15 U.S.C.A. No. 80a-2), company in which there is ownership (direct or indirect) of 5 percent or more of the voting stock. Corporations which are related as parent and subsidiary, characterized by identity of ownership of capital stock. Northeastern Consol. Co. C. v. U. S., C.A.I11., 406 F.2d 76, 79.

Black's law dictionary. . 1990.

Look at other dictionaries:

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  • affiliate — I UK [əˈfɪlɪeɪt] / US [əˈfɪlɪˌeɪt] verb Word forms affiliate : present tense I/you/we/they affiliate he/she/it affiliates present participle affiliating past tense affiliated past participle affiliated be affiliated to/with something to be… …   English dictionary

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  • affiliate — af|fil|i|ate1 [əˈfılieıt] v [Date: 1700 1800; : Medieval Latin; Origin: , past participle of affiliare to take over as a son , from Latin ad to + filius son ] 1.) [I,T usually passive] if a group or organization affiliates to or with another… …   Dictionary of contemporary English

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