working control
The effective control of a corporation by a person or group who owns less than 50% of the stock. [Cases: Corporations 174. C.J.S. Corporations § 307.]
Search Results for: STOCK CONTROL
control
control, n. The direct or indirect power to direct the management and policies of a person or entity, whether through ownership of voting securities, by contract, or otherwise; the power or authority to manage, direct, or oversee (the principal exercised control over the agent). superintending control. The general supervisory control that a higher court in
majority shareholder
A shareholder who owns or controls more than half the corporation’s stock. [Cases: Corporations 182.3. C.J.S. Corporations § 344.]
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D reorganization
A reorganization in which the corporation transfers some or all of its assets to another corporation that is controlled by the transferor or its shareholders, and then the stock of the transferee corporation is distributed. [Cases: Internal Revenue 3670.]
parent corporation
A corporation that has a controlling interest in another corporation (called a subsidiary cor-poration), usu. through ownership of more than one-half the voting stock. — Often shortened to parent. — Also termed parent company.
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insurance company
insurance company. A corporation or association that issues insurance policies. [Cases: Insurance 1003. C.J.S. Insurance § 32.] captive insurance company. A company that insures the liabilities of its owner. • The insured is usu. the sole shareholder and the only customer of the company. — Also termed captive insurer. [Cases: Insurance 1192.] mixed insurance company.
corporate raider
corporate raider. A person or business that attempts to take control of a corporation, against its wishes, by buying its stock and replacing its management. — Often shortened to raider. — Also termed hostile bidder; unfriendly suitor. Cf. WHITE KNIGHT.
tender offer
tender offer. A public offer to buy a minimum number of shares directly from a corporation’s shareholders at a fixed price, usu. at a substantial premium over the market price, in an effort to take control of the corporation. — Also termed takeover offer; takeover bid. Cf. public-exchange offer under OFFER. [Cases: Securities Regulation 52.30–52.50.
acquisition
acquisition, n. 1. The gaining of possession or control over something ( acquisition of the target company’s as-sets). 2. Something acquired (a valuable acquisition). creeping acquisition. The gradual purchase of a corporation’s stock at varying prices on the open market. • As a takeover method, a creeping acquisition does not involve a formal tender offer,
shareholder
shareholder. One who owns or holds a share or shares in a company, esp. a corporation. — Also termed shareowner; (in a corporation) stockholder. [Cases: Corporations 170. C.J.S. Corporations §§ 305, 308–309, 312, 314, 317.] controlling shareholder. A shareholder who is in a position to influence the corporation’s activities because the shareholder either owns a