(1) two or more entities shall be considered as the same entity if:
(i) one entity is a wholly owned subsidiary of the other; or
(ii) one entity owns or directly or indirectly controls more than 50% of the voting
securities of the other entity, regardless of whether the equity interest in that
other entity is owned by a foreign government; and
(2) if an equity interest in an entity is or was owned by a foreign government, that
equity interest shall be attributed to the entity.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.