R-15.1 - Supplemental Pension Plans Act

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12. A parent company is a legal person which controls another company, which is, by that fact, a subsidiary of the parent company.
A legal person controls another legal person if it holds, directly or indirectly, otherwise than as security, securities entitling it to elect in all cases a majority of the directors of that other legal person.
1989, c. 38, s. 12.