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What does "affiliate" mean under the US laws namely Nevada laws? If somebody send some links to US (Nevada) laws, other legislative acts... or make any explanations I'll appreciate you!
![]() Last edited by Oleg : 08-28-2007 at 12:53 AM. |
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It depends on the context.
Are you filing articles with the Nevada Secretary of State or is this related to an operating agreement or other partnership agreement? Generally, if this is related to some articles filed with the Sec of State, the forms should provide a definition for you. If it's related to some partnership agreement, then "affiliate" may be defined in there. |
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I mean the item of the agreement. We have an agreement between parties with the next poin:
"Company Affiliate" shall mean an entity directly or indirectly controlled by or under common control with the Company where control means having power to control such entity's general activities, but only for so long as such ownership or control shall continue..." So I try to understand what means "directly or indirectly control", "common control"... For instance in Russia dependent company is a company shareholder of which owns more then 25% of share capital. Thus such company depends on shareholder and affiliates... etc. Are there similar rules due to affiliated or dependent company in the USA? |
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Quote:
Last edited by GentleGrace : 08-29-2007 at 01:07 PM. |
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Quote:
Hope this helps. |
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