Closely Held definition

Closely Held means, as of a given date, that we, as of such date, is “closely held” within the meaning of Section 856(a)(6) (without regard to Section 856(h)(2)) of the Code.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Closely Held means five or fewer individuals own more than fifty

Closely Held shall have the meaning prescribed in Section 856(h) of the Code.

Examples of Closely Held in a sentence

• Business Accounts (other than Closely Held Business Accounts) are not eligible for this Service.

• If you use your social security number to enroll to receive the Service your Linked Accounts will include your Consumer Accounts as well as Closely Held Business Accounts which are any Business Accounts that utilize your social security number as a taxpayer identification number.

• The Competent Authority of Ireland shall update the guidance issued by the Office of the Revenue Commissioners regarding Sponsored Investment Entities and Controlled Foreign Corporations and Sponsored, Closely Held Investment Vehicles to incorporate the requirements for such entities described in paragraph 1 of this Agreement.

• Subject to applicable provisions in the Agreement, nothing contained in this Section 11.2 shall limit the authority of the Board of Directors to take such other action as it deems necessary or advisable to protect the Company and the interests of its Members in avoiding GREC being classified as a Closely Held C Corporation .

• If an entity has met the requirements of a Sponsored Investment Entity, Sponsored Controlled Foreign Corporation, or Sponsored Closely Held Investment Vehicle described in the Office of the Revenue Commissioners guidance at all relevant times prior to the date of this Agreement, the Competent Authority of the United States of America shall not determine that such entity is a Reporting Irish Financial Institution that is in significant non-compliance with the IGA.

• Closely Held Stocks & Other (Type of ownership and number of Business Interests and Name of Company shares) 1.

• Subject to applicable provisions in the Agreement, nothing contained in this Section 11.2 shall limit the authority of the Board of Directors to take such other action as it deems necessary or advisable to protect the Company and the interests of its Members in avoiding GREC being classified as a Closely Held C Corporation.

• The Competent Authority of the United Kingdom of Great Britain and Northern Ireland shall update the guidance issued by Her Majesty’s Revenue and Customs regarding Sponsored Investment Entities and Controlled Foreign Corporations and Sponsored, Closely Held Investment Vehicles to incorporate the requirements for such entities described in paragraph 1 of this Agreement.

• A Sale of Stock in a Closely Held Corporation Such sale as is eligible for.

• American National Bank & Trust Company Of Chicago, Chicago, Illinois 1986 - 1993 Vice President in Charge of Closely Held Business and Real Estate Managed division responsible for providing technical counsel to administrative officers in the personal trust and estate departments.

More Definitions of Closely Held

Closely Held means the interests of the entity and the

Closely Held means "closely held" within the meaning of section 856(h)(1) of the Code, as modified by section 856(h)(3) of the Code and determined without regard to whether the ownership interest is held during the last half of a taxable year.

Closely Held means 80% of the vote or value of the stock, capital interests or profits interests is held by one U.S. individual taxpayer;

Closely Held which means that at all times during the second half of each taxable year, no more than 50% in value of our stock may be owned, directly or indirectly, by five or fewer “individuals” as specifically defined for this purpose (determined by applying certain attribution rules under the Code to the owners of any entity owning our stock). However, these two requirements do not apply until after the first taxable year an entity elects REIT status.

Closely Held means 80% of the vote or value of the stock, capital interests or

Closely Held means five or fewer individuals own more than fifty per cent of the ownership interest in the company, corporation or partnership.