[Code of Federal Regulations]
[Title 31, Volume 3]
[Revised as of July 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR800.202]

[Page 698]
 
                  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 
 
                          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.