Related or subordinate party definition

Related or subordinate party means a related or subordinate party as defined in Section 672(c) of the Code.
Related or subordinate party means any nonadverse party
Related or subordinate party means a Related or subordinate party. –

Examples of Related or subordinate party in a sentence

  • Related or subordinate party §672(c): A nonadverse party who is—– The grantor’s spouse if living with the grantor.– The grantor’s father, mother, issue, brother or sister.– An employee of the grantor.– A corporation or any employee of a corporation in which the stock holdings of the grantor and the trust are significant from the viewpoint of voting control.– A subordinate employee of a corporation in which the grantor is an executive.Estate of Edward Redstone v.


More Definitions of Related or subordinate party

Related or subordinate party means any nonadverse party who is the grantor’s spouse or the grantor’s father, mother, issue, brother or sister; an employee of the grantor; a corporation or any employee of a corporation in which the stock holdings of the grantor and the trust are significant from the viewpoint of voting control; a subordinate employee of a corporation in which the grantor is an executive. A related or subordinate party shall be presumed to be subservient to the grantor in respect of the exercise or nonexercise of the powers conferred on him unless such party is shown not to be subservient by a preponderance of the evidence.
Related or subordinate party means any nonadverse party who is—

Related to Related or subordinate party

  • Subordinated Obligation means any Indebtedness of the Company (whether outstanding on the Issue Date or thereafter incurred) which is subordinate or junior in right of payment to the Notes pursuant to a written agreement or any Indebtedness of a Guarantor (whether outstanding on the Issue Date or thereafter incurred) which is subordinate or junior in right of payment to the Subsidiary Guarantee pursuant to a written agreement, as the case may be.