Common ownership definition

Common ownership means that more than 50% of the voting control of each member of a combined group is directly or indirectly owned by a common owner or owners, either corporate or non-corporate, whether or not the owner or owners are members of the combined group. Whether voting control is indirectly owned shall be determined in accordance with section 318 of the federal Internal Revenue Code, 26 U.S.C. s.318.

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Common ownership means that relationship existing when an individual or individuals possess significant ownership or equity in the provider and the institution or organization serving the provider.

Common ownership means the same or substantially similar persons or entities that maintain a

Examples of Common ownership in a sentence

Common ownership of any Elements or portions thereof shall not cause this Declaration to be extinguished by operation of merger in whole or in part.
Common ownership of real property (joint deed or mortgage agreement) or a common leasehold interest in property.
To the extent that less than $6,000,000 has been delivered to SCL, the number of shares delivered to the Sellers shall be effectively reduced so that the Laser Shareholders percentage of Laser Common ownership shall only be reduced to 3% at such time as a full $6,000,000 has been delivered to SCL or directly to Laser in consideration of the issuance of new Laser Common.
Common ownership or control through government does not in itself create AFFILIATE status.
This Employment Agreement will apply to services which are performed by Employee for a Company which is under Common ownership with SCMC or otherwise related to SCMC.

More Definitions of Common ownership

Common ownership means the ownership of an animal feeding operation as a sole proprietor, or a majority ownership interest held by a person, in each of two or more animal feeding operations as a joint tenant, tenant in common, shareholder, partner, member, beneficiary, or other equity interest holder. The majority ownership interest is a common ownership interest when it is held directly, indirectly through a spouse or dependent child, or both.

Common ownership means the same or substantially similar persons or entities that maintain a controlling interest in more than one community renewable energy project even if the ownership shares differ between two community renewable energy projects. Two community renewable energy projects may not be considered to be under common ownership simply because the same entity provided debt or equity or both debt and equity to both projects.

Common ownership means more than fifty percent (50%) of the voting control of each member of the group is directly or indirectly owned by a common owner or owners, either corporate or non-corporate, whether or not the owner or owners are members of the combined group.

Common ownership means a shared management or ownership interest in two or

Common ownership means a shared management or ownership interest in two or more entities.

Common ownership means 2 or more state licenses or 2 or more equivalent licenses held by one person under the Michigan regulation and taxation of marihuana act.

Common ownership means the direct or indirect control or ownership of more than fifty percent of the outstanding voting stock, ownership of which is determined pursuant to Section 1563 of the Internal Revenue Code, as that section may be amended or renumbered, of: