Affiliated corporation

Affiliated corporation

A corporation that is an affiliate to the parent company.

Affiliated Corporation

A corporation of which another company owns a significant percentage, but not a majority, of its shares. This gives the company a great deal of influence, but not outright control, of the affiliated corporation. See also: Subsidiary, Parent company.
References in periodicals archive ?
The tax tribunal held that a taxpayer's capital gain on the sale of its subsidiaries was subject to SBT.(49) In 1992, Amoco Production Company (Amoco) sold two of its wholly owned foreign subsidiaries (Amoco Trinidad and Amoco Argentina) to an affiliated corporation and recognized a significant capital gain.
After beginning her tenure with Nassau AHRC as a direct support professional, Ciatto worked her way up to hold the top position at Citizens, a sizable Nassau AHRC affiliated corporation.
The district court granted summary judgment to Hartford Life, and Griffin has appealed.<br />Standard of review<br />Griffin contends that the decision to terminate his benefits was not made by Hartford Life, to whom the policy gave discretion, but instead by Hartford Fire Insurance Company, an affiliated corporation. Thus, he says, Hartford Fire's decision was subject to de novo review, not abuse of discretion.
165(g)(3) provides that the security of an affiliated corporation owned by a domestic corporation is not treated as a capital asset.
Tenders are invited for Proposals from qualified firms of certifiedpublic accountants to review the IRS form 990 for each university controlled affiliated corporation, with a focus on potential conflicts of interest and transactions between the university and university controlled affiliated corporations for the fiscal year ending on or after June 30, 2016, with the option of reviewing each of the twosubsequent fiscal years, upon mutual agreement.
Formerly the legislation only spoke to furthering the private interests of the Member, spouse, an affiliated corporation, partnership, or their minor children.
FAWER is an affiliated corporation of FAW, one of China's largest vehicle manufacturers.
Working through its affiliated corporation, Mediaplex, Tong Yang signed a formal offer with tube June 13, signaling the company's intent to make and distribute films as well as exhibit them.
Solovey has been appointed chief executive officer of WPI, a Virginia Tech Affiliated Corporation, headquartered in Blacksburg, Va.
If a subsidiary corporation is not treated as a separate entity from its parent or an affiliated corporation, the parent or affiliate corporation may become liable for the other's debts.
In the Bronx, the Alexander's Third Avenue store was net leased to an affiliated corporation of the Conway Stores for 30 years.
v Banks, found that the promoter and an affiliated corporation, which was managing agent for the joint venture, had breached fiduciary duties owed to the joint venture.

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