control person

control person. Securities. A person who has actual control or significant influence over the issuer of securities, as by directing corporate policy. • The control person is subject to many of the same requirements applicable to the sale of securities by the issuer.

— Also termed controlling person. [Cases: Securities Regulation 35.15, 60.40. C.J.S. Securities Regulation §§ 105–106, 218.]

“[T]he question of who is a control person is highly factual and is not dependent upon ownership of any specific percentage. For example, it has been held that someone owning eight percent of a company’s stock was not a control person….” 1 Thomas Lee Hazen, The Law of Securities Regulation § 4.24, at 279 (3d ed. 1995).

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词条贡献者

译者Jenna，毕业于法国顶尖的高级翻译学院，擅长翻译有关互联网与电子商务领域的法律文件。