controlled by debtor
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 311 U.S. 138 - American United Mut Life Ins Co v. City of Avon Park Fla · 1940Most cited · 391 citing opinions
The test is whether or not there is such close identity of interests between the claimant and the city that the claimant's assent to the plan may fairly be said to be more the product of the city's influence and to reflect more the city's desires than an expression of an investor's independent, business judgment.