Open Corporations definition

Open Corporations means corporations that offer their shares to the public in accordance with the Securities Law, those that have 500 or more shareholders, those in which at least 10% of its subscribed capital belongs to a minimum of 100 shareholders and those subject to the supervision of the SVS and that trade their securities in at least one of the Chilean stock exchanges.
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Related to Open Corporations

  • Gas Corporation means the same as that term is defined in Section 54-2-1.

  • Family farm corporation means a corporation founded for the purpose of farming agricultural land in which the majority of the voting stock is held by and the majority of the stockholders are persons or the spouse of persons related to each other within the fourth degree of kinship, according to the rules of the civil law, and at least one of the related persons is residing on or actively operating the farm, and none of whose stockholders are a corporation. A family farm corporation does not cease to qualify under this division where, by reason of any devise, bequest, or the operation of the laws of descent or distribution, the ownership of shares of voting stock is transferred to another person, as long as that person is within the degree of kinship stipulated in this division.

  • Public corporation means the same as that term is defined in Section 63E-1-102.

  • Acquisition Corp. shall have the meaning given to such term in the preamble to this Agreement.

  • Affiliated group of corporations means an affiliated group as defined in section 1504 of the Internal Revenue Code, except that, if such a group includes at least one incumbent local exchange carrier that is primarily engaged in the business of providing local exchange telephone service in this state, the affiliated group shall not include any incumbent local exchange carrier that would otherwise be included in the group.