Indiana Code - Taxation - Title 6, Section 6-5.5-1-14

"Subsidiary" defined

Sec. 14. "Subsidiary" means:
(1) a corporation fifty percent (50%) or more of whose voting
stock; or
(2) an entity other than a corporation that is taxed as a
corporation under the Internal Revenue Code and fifty percent
(50%) of whose net worth;
is owned by another legal entity.

As added by P.L.347-1989(ss), SEC.1. Amended by P.L.21-1990,

SEC.17.

Last modified: May 28, 2006