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controlled company

Defined in 1 dictionary — U.S. Code

United States Code

15 U.S.C. § 78j-3 — for purposes of this section

For purposes of this section, the term “controlled company” means an issuer—

(A) that is listed on a national securities exchange or by a national securities association; and

(B) that holds an election for the board of directors of the issuer in which more than 50 percent of the voting power is held by an individual, a group, or another issuer.