Subsidiary Corporation in United States
Practical Information
Note: Some of this information was last updated in 1982
A company in which another corporation (in U.S. law) (called the parent corporation) owns at least a majority of the shares and thus has control. When a parent corporation appears to have complete control over its subsidiary, the subsidiary is called the parent’s alter ego. When the alter ego doctrine is applied, the dominant corporation may be held liable for the subordinate corporation’s negligence (in U.S. law).
What is Subsidiary Corporation?
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