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;
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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.
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Unity of ownership means the group is under the common control of a single corporation, which is also
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Examples of Unity of ownership in a sentence

  • 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.

  • 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.

  • Unity of ownership, unity of management and control, unity of finance and unity of labour, unity of employment and unity of functional "integrality" were the tests which the Court applied in that case.

  • Unity of ownership, of course, is present here since Scholl, Inc., owns all, or over 50 percent, of the stock of all the foreign corporations in question.

  • Unity of ownership is clearly present since Scholl, Inc., owned all the stock of Arno as well as the other domestic subsidiaries.

  • Unity of ownership alone is insufficient to support a finding that a business is unitary, and factors that should be considered in reaching that determination are the extent of control and ownership that the various components of the business have over one another, the degree of functional integration or interrelationship/interdependence among the business’s operations, and the economies of scale.

  • The interests of the joint occupants must vest simultaneously (2) Unity of ownership.

  • Unity of ownership does not destroy an Eeasement created or implied in relation to Llots, or Llots and Ccommon Pproperty, under this Law.

  • Nonbusiness Income  Unitary business tests Mobil test: Functional integration, centralization of management,economies of scale Three unities test: Unity of ownership, operation, and use.


More Definitions of Unity of ownership

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.
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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.
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Unity of ownership means the
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Unity of ownership means the group is under the common control of a single corporation,
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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,
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Related to Unity of ownership

  • Transfer of ownership Includes, but is not limited to, the conveyance of a Mortgaged Property, whether legal or equitable, voluntary or involuntary, by any of the following methods:

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

  • Joint Ownership - (also known as equity JVs) means the establishment by two parent companies of a child company for a specific task within which both parent companies invest in order to overcome the limited capabilities vested within them in order that they can both benefit from the combined investment.

  • Veteran-owned Small Business Enterprise (VSBE) means A business that is verified by the Center for Verification and Evaluation (CVE) of the United States Department of Veterans Affairs as a veteran-owned small business. See Code of Maryland Regulations (COMAR) 21.11.13.

  • Change in Ownership means change of ownership of the Bidder/Member in a Bidding Consortium by way of merger/ acquisition/ amalgamation/ reorganisation/ consolidation/ demerger;

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

  • Residential real property means real property improved with not less than one nor more than four residential dwelling units: units in residential cooperatives; or, condominium units including the limited common elements allocated to the exclusive use thereof that form an integral part of the condominium unit. The term includes a manufactured home as defined in subdivision (53) of Section 9-102 of the Uniform Commercial Code that is real property as defined in the Conveyance and Encumbrance of Manufactured Homes as Real Property and Severance Act.

  • Community air carrier means an air carrier with a valid operating licence granted by a Member State in accordance with Council Regulation (EEC) No 2407/92 of 23 July 1992 of licensing of air carriers(7) ;

  • Community custody means that portion of an offender's

  • Community restitution means compulsory service, without

  • Ownership means, for purposes of this definition, control of more than a 50% interest in an entity.

  • 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;

  • Ownership Interest As to any Certificate, any ownership or security interest in such Certificate, including any interest in such Certificate as the Holder thereof and any other interest therein, whether direct or indirect, legal or beneficial, as owner or as pledgee.

  • 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 land trust means a community housing development organization whose (i) corporate

  • resident of a Contracting State means any person who, under the laws of that State, is liable to tax therein by reason of his domicile, residence, place of management or any other criterion of a similar nature, and also includes that State and any political subdivision or local authority thereof. This term, however, does not include any person who is liable to tax in that State in respect only of income from sources in that State or capital situated therein.