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Affiliated Person

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Affiliated person
An individual who possesses enough influence and control in a corporation as to be able to alter the actions of the corporation.

Control Person
An important person in a corporation. Control persons include senior managers, members of the board of directors, and officers such as the CEO and CFO. Control persons are able to use both their authority and their influence to make decisions on the corporation's activities. A control person is also called an affiliated person.

affiliated person
A person who is in a position to influence a firm's management decisions. Affiliated persons usually include directors, officers, owners of more than 10% of the firm's outstanding stock, and family members or close associates of these groups. Also called control person.


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``The modified city plan if implemented will provide for a new developer to commence work on the Ritter Ranch project, remove RRD (the developer) and all affiliated persons and entities from the project, resolve all the litigation filed in the bankruptcy case (and that which is on appeal) and reimburse the city for substantially all its bankruptcy and plan-related attorney fees and costs,'' City Attorney Matt Dizhazy wrote in a staff report to the City Council.
The amendment to subsection 69(11) in the last technical bill, however, represented a shift toward the affiliated person standard in this respect.
The new president engaged in the practice of making excessive and uncollateralized loans to himself and affiliated persons.
 
 
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