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Parent company
Parent companyA company may own one or more other companies which are its subsidiaries. The relationship between parent and subsidiary depends on majority control of the voting rights of shares or the ability to appoint the majority of directors. RELATED TERMS-------------------------------------- Company An association of a number of individuals for the purpose of carrying on some legitimate business. Majority 1) Persons. The state or condition of a person who has arrived at full age. He is then said to be a major, in opposition to minor, which is his condition during infancy. 2) Government. The greater number of the voters; though in another sense, it means the greater number of votes given in which sense it is a mere plurality. Directors Persons who are appointed to the board of directors under procedures contained in the Articles of Association are the directors of the company. Shadow directors may also be treated as directors in some circumstances. Executives whose job title describe them as a director but are not members of the board are not treated as directors, although they may have ostensible authority to bind the company as if they were. SIMILAR TERMS-------------------------------------- Parens patriae Latin: A British common law creation whereby the courts have the right to make unfettered decisions concerning people who are not able to take care of themselves. For example, court can make custody decisions regarding a child or an insane person, even without statute law to allow them to do so, based on their residual, common law-based parens patriae jurisdiction. Parentage Kindred. Parenting classes Organized classes designed to teach parents how to minimize the negative aspects of divorce on their children. Parents The lawful father and mother of the party spoken of. Pares A man's equals; his peers. Pares curie Feudal law. Those vassals who were bound to attend the lord's court were so called. PREVIOUS AND NEXT TERMS-------------------------------------- Parcenary The state or condition of holding title to lands jointly by parceners, before the common inheritance has been divided. Parceners English law. The daughters of a man or woman seised of lands and tenements in fee simple or fee tail, on whom, after the death of such ancestor, such lands and tenements descend, and they enter. Parco fracito English law. The name of a writ against one who violently breaks a pound, and takes from thence beasts which, for some trespass done, or some other just cause, were lawfully impounded. Pardon Criminal law, pleading. A pardon is an act of grace, proceeding from the power entrusted with the execution of the laws, which exempts the individual on whom it is bestowed, from the punishment the law inflicts for a crime he has committed. Parens patriae Latin: A British common law creation whereby the courts have the right to make unfettered decisions concerning people who are not able to take care of themselves. For example, court can make custody decisions regarding a child or an insane person, even without statute law to allow them to do so, based on their residual, common law-based parens patriae jurisdiction. Parent company Parentage Kindred. Parenting classes Organized classes designed to teach parents how to minimize the negative aspects of divorce on their children. Parents The lawful father and mother of the party spoken of. Pares A man's equals; his peers. Pares curie Feudal law. Those vassals who were bound to attend the lord's court were so called. We thank you for using the Juridical Dictionary to search for Parent company. If you have a better definition for Parent company than the one presented here, please let us know by making use of the suggest a term option. This definition of Parent company may be disputed by other professionals. Our attempt is to provide easy definitions on Parent company and any other medical topic for the public at large.
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