shell company
Defined in 1 dictionary — U.S. Code
United States Code
15 U.S.C. § 78O — under this section (2 versions over time)
The term “shell company” means a company that at the time of a transaction with an eligible privately held company—
(I) has no or nominal operations; and
(II) has—
(aa) no or nominal assets;
(bb) assets consisting solely of cash and cash equivalents; or
(cc) assets consisting of any amount of cash and cash equivalents and nominal other assets.