Parent Corporation Law and Legal Definition
According to 26 USCS § 424 [Title 26. Internal Revenue Code; Subtitle A. Income Taxes; Chapter 1. Normal Taxes and Surtaxes; Subchapter D. Deferred Compensation, etc.; Part II. Certain Stock Options], parent corporation means “any corporation (other than the employer corporation) in an unbroken chain of corporations ending with the employer corporation if, at the time of the granting of the option, each of the corporations other than the employer corporation owns stock possessing 50 percent or more of the total combined voting power of all classes of stock in one of the other corporations in such chain.”
Legal Definition list
Related Legal Terms
- Absent Parent
- Actuarial Documents [Federal Crop Insurance Corporation]
- Actuarially Appropriate [Federal Crop Insurance Corporation]
- Adequate Parental Care
- Adoptive Parent
- Alaska Native Corporation
- Amended and Restated Articles of Incorporation
- American Municipal Bond Assurance Corporation
- Ancillary Corporation
- Apparent Agency
