"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