[Code of Federal Regulations]

[Title 31, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR800.202]



[Page 932]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

  CHAPTER VIII--OFFICE OF INTERNATIONAL INVESTMENT, DEPARTMENT OF THE 

                                TREASURY

 

PART 800_REGULATIONS PERTAINING TO MERGERS, ACQUISITIONS, AND TAKEOVERS 

BY FOREIGN PERSONS--Table of Contents

 

                          Subpart B_Definitions

 

Sec. 800.202  Affiliate.



    An affiliate of an entity, as that term is used in Sec. Sec. 

800.205 and 800.402, is any other entity in the chain of ownership 

between a parent and that entity.



    Example. Corporation P holds 50 percent of the voting securities of 

Corporations R and S. Corporation R holds 40 percent of the voting 

securities of Corporation X, and Corporation S holds 50 percent of the 

voting securities of Corporation Y. Under this definition, Corporation S 

is an affiliate of Corporation Y. (An entity can be both an affiliate 

and a parent.) Corporation R is not an affiliate of Corporation S or Y 

because it is not in the chain of ownership between Corporation P and 

Corporation Y. Corporation X is also not an affiliate of Corporation Y.