Family corporation means a corporation that does
Examples of Family corporation in a sentence
Number of ordinary shares held Company/ Name of Interest in Approximate percentage Name of Directorassociated corporationcontrolled Beneficial Family corporation owner InterestTotal Interestof shareholding Cheung Kwai Lan (“Madam Cheung”) Company 335,291,464 414,000 —(Note 1) (Note 2) 335,705,464 44.50%Chan Tung Mei (“Mr. Chan”)Company— — 335,705,464(Note 1 & 2)335,705,46444.50%Madam CheungBest Frontier— 909 1(Note 3)910— Mr. Chan Best Frontier Notes: 1.
More Definitions of Family corporation
Family corporation means a corporation in which all the voting shares are owned by one individual, or one individual plus one or more of that individual's brother, sister or close family members.
Family corporation means a corporation that does not have
Family corporation means a corporation that does not have any stockholders other than the homeowner and the following members of the homeowner’s family:
Family corporation means a Corporation that is owned directly or indirectly by or for two or more natural persons who are related as siblings or spouse (including former spouses), or direct lineal descendants by birth or adoption, spouses of such persons, the estates of such persons, or foundations, charitable organizations or trusts established for the benefit of such persons. For purposes of determining the amount of investments owned by a Corporation, there may be included investments owned by majority-owned subsidiaries of the Corporation and investments owned by a Corporation ("Parent Corporation") of which the Corporation is a majority-owned subsidiary, or by a majority-owned subsidiary of the Corporation and other majority-owned subsidiaries of the Parent Corporation. In determining whether a natural person is a qualified purchaser, there may be included in the amount of such person's investments any investment held jointly with such person's spouse, or investments in which such person shares with such person's spouse a community property or similar shared ownership interest. In determining whether spouses who are making a joint investment in the Partnership are qualified purchasers, there may be included in the amount of each spouse's investments any investments owned by the other spouse (whether or not such investments are held jointly). There shall be deducted from the amount of any such investments any amounts specified by paragraph 2(a) of Annex 2 incurred by such spouse. In determining whether a natural person is a qualified purchaser, there may be included in the amount of such person's investments any investments held in an individual retirement account or similar account the investments of which are directed by and held for the benefit of such person. Annex 2