Parent Company Law and Legal Definition
A Parent Company is a company that controls or owns another company or companies through holding majority of its voting stock. The company which is controlled by the parent company is called the subsidiary company. Parent company has working control of the subsidiary company through stock ownership. Having a majority of the voting stock enables the parent company to dictate the policies or materially influence the management of its subsidiary.
Legal Definition list
Related Legal Terms
- Absent Parent
- Accompanying Relative [Immigration]
- Accompanying Spouse and Dependents
- Accompanying the Armed Forces outside the United States
- Accompanying the Federal Government Outside the United States
- Accompanying Visa
- Adequate Parental Care
- Adoptive Parent
- Affiliate and Associated Company
- Affiliated Company (Gaming Law)
