"Subsidiary"

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  2. Indiana Code
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  4. Taxation of Financial Institutions
  5. Definitions
  6. "Subsidiary"

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Sec. 14. "Subsidiary" means:

(1) a corporation fifty percent (50%) or more of whose voting stock; or

(2) an entity other than a corporation that is taxed as a corporation under the Internal Revenue Code and fifty percent (50%) of whose net worth;

is owned by another legal entity.

As added by P.L.347-1989(ss), SEC.1. Amended by P.L.21-1990, SEC.17.


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