Statute 463 488

'Subsidiary' means: 1. A corporation any part of whose outstanding equity securities are: (a) Owned; (b) Subject to a power or right of control; or (c) Held with power to vote, by a holding company or intermediary company; or 2. A firm, partnership, limited partnership, limited-liability company, trust or other form of business organization not a natural person, any interest in which is: (a) Owned; (b) Subject to a power or right of control; or (c) Held with power to vote, by a holding company or intermediary company. (Added to NRS by 1969, 366; A 1993, 2004)