[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: 31CFR800.215]

[Page 700]
 
                  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. 800.215  Parent.

    The term parent, as used in Sec. Sec. 800.302 and 800.402, means a 
person who or which, directly or indirectly,
    (a) Holds or will hold 50 percent or more of the outstanding voting 
securities of an entity; or
    (b) In case of an entity that has no outstanding voting securities, 
holds or will hold the right to 50 percent or more of the profits of the 
entity, or has or will have the right in the event of the dissolution to 
50 percent or more of the assets of the 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. Corporation P is a parent of 
Corporations R, S and Y, but not of Corporation X. Corporation S is a 
parent of Corporation Y because it holds 50 percent of the voting 
securities of Corporation Y.

[56 FR 58780, Nov. 21, 1991. Redesignated at 59 FR 27179, May 25, 1994]