Legal Question in Business Law in New York
wholly owned subsidiary
What is a wholly owned subsidiary?
Asked on 10/07/00, 7:42 am
3 Answers from Attorneys
Norman Nadel
Norman Nadel, Esq.
Re: wholly owned subsidiary
A wholly owned subsidiary is a corporation which is 100% owned by another corporation, the parent.
Answered on 11/03/00, 8:41 am
Michael Markowitz
Michael A. Markowitz, PC
Re: wholly owned subsidiary
Mr. Nadel is correct.
In the future, I suggest that you use the legal dictionary found in law.com. You will probably get a faster answer.
Answered on 11/03/00, 9:16 am
Robert R. Groezinger
GroezingerLaw P.C.
Re: wholly owned subsidiary
The easiest answer is that it is an entity, a busines,that is completely owned by another.
I hope that that helps you.
RRG
Answered on 11/03/00, 1:42 pm
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