Unity of ownership definition

Unity of ownership means the group is under the common control of a single corporation, which is also a member of the group. Control exists when the single corporation owns, directly or indirectly, more than fifty percent of the voting stock of another corporation;
Sample 1Sample 2Sample 3
Unity of ownership means that the corporations in the group are under the common control of a single corporation, which is also a member of the worldwide group. Control is presumed to exist when the single corporation owns, directly or indirectly, more than fifty percent of the ownership interest of another corporation.
Sample 1Sample 2Sample 3
Unity of ownership means the
Sample 1

Examples of Unity of ownership in a sentence

  • Unity of ownership, ownership interests, and business relationships of the owner(s) including family members or partnerships.

  • Unity of ownership is not deemed to exist when a corporation is involved unless that corporation is a member of a group of two or more business entities and more than 50 percent of the voting stock of each member of the group is directly or indirectly owned by a common owner or by common owners, either corporate or noncorporate, or by one or more of the member corporations of the group.

  • Easements not affected by unity of ownership Unity of ownership does not destroy an Easement created or implied in relation to Lots, or Lots and Common Property, under this Law.

  • Unity of ownership, use, and contiguity must be present, although federal courts and some states do not require contiguity where there is a strong unity of use.9The Canadian Glossary of Principles of Right of Way describes the larger parcel asIn expropriation, that portion of a property which has unity of ownership, contiguity, and unity of use.

  • This test adopts the state law test for unity followed in Butler Brothers.25(1) Unity of ownership.

  • Hausch (2004) has identified the following as most common qualitative criteria:• Unity of ownership and management3 2 Based on Institut für Mittelstandsforschung Bonn (2018b) and European Commission (20.5.2003).

  • Unity of ownership may or may not prove indicative of what makes up a parcel or tract.

  • Cllr Lin Davies expressed wholehearted support for bringing the meeting out of the Civic Centre and asked if people would support a “Youth Surgery” enabling Councillors to engage directly with young people in their Wards, could be held on a regular basis, perhaps every three months.

  • Unity of ownership of 2 or more lots does not destroy the easements implied under this Article.

  • Unity of ownership: The fee ownership of the principal dwelling and accessory dwelling unit shall not be separated.


More Definitions of Unity of ownership

Unity of ownership means the group is under the common control of a single corporation,
Sample 1
Unity of ownership means the group is under the common control of a single corporation, which is also a member of the group. Control exists when the single corporation owns,
Sample 1
Unity of ownership. Means a parcel of land which was subject to a separate lease with the Corporation on the effective date of this By-law.
Sample 1
Unity of ownership. , as used in RSA 77-A:1, XIV, means that the activities outside the taxing jurisdiction, together with the in-state activities are owned either directly or indirectly by the same economic entity or group of economic entities.
Sample 1

Related to Unity of ownership

  • Veteran-owned small business concern means a small business concern—

  • Women-owned small business concern means a small business concern-

  • Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.

  • Community school means a community school established under Chapter 3314. of the Revised Code.

  • Residential real estate means any real property located in this state, upon which is constructed or intended to be constructed a dwelling;

  • Real Property means, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real property owned or leased by any Person, whether by lease, license or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof.

  • Community basin means an infiltration system, sand filter designed to infiltrate, standard constructed wetland, or wet pond, established in accordance with N.J.A.C. 7:8-4.2(c)14, that is designed and constructed in accordance with the New Jersey Stormwater Best Management Practices Manual, or an alternate design, approved in accordance with N.J.A.C. 7:8-5.2(g), for an infiltration system, sand filter designed to infiltrate, standard constructed wetland, or wet pond and that complies with the requirements of this chapter.

  • Public records means all writings and recordings that consist of letters, words or numbers, or their equivalent, set down by handwriting, typewriting, printing, photostatting, photography, magnetic impulse, optical or magneto-optical form, mechanical or electronic recording or other form of data compilation, however stored, and regardless of physical form or characteristics, prepared or owned by, or in the possession of a public body or its officers, employees or agents in the transaction of public business.