Sec. 16. As used in this chapter, "subsidiary" of any resident domestic corporation means any other corporation of which a majority of the outstanding voting shares entitled to be cast are owned (directly or indirectly) by the resident domestic corporation.
Ind. Code § 23-1-43-16
"Subsidiary" defined
Known as the Indiana Business Corporation Law
The act spans §§ 23-1-17-1 to 23-1-55-3 (253 sections).
Applied in 1 court decision — leading case Hall v. Dallman Contractors, LLC (2016)
Most recently applied in Hall v. Dallman Contractors, LLC (February 2016)
As added by P.L.149-1986, SEC.27
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.