Commonly owned definition

Commonly owned means that more than 50 percent of the
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Commonly owned means that more than 50 percent of the voting control of each member of an affiliated 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 affiliated 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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Commonly owned means ownership by the same corporate entity or through either legal affiliates or partnerships other than common debt or tax equity partners.
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Examples of Commonly owned in a sentence

  • Commonly owned open space, as defined in Article 8 (Glossary: See “Open Space: Common”) shall not include space occupied by infrastructure such as roads, parking lots, or above ground components of sewer and water treatment plants, or area set aside for the sole use of individual residents, such as private balconies and patios.

  • Commonly owned open space, as defined in Article 8 (Open Space: Common) shall not include space occupied by infrastructure such as roads, parking lots, or above ground components of sewer and water treatment plants, or area set aside for the sole use of individual residents, such as private balconies and patios.

  • PC Connection Sales Corporation DE ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Commonly owned by PC Connection Merrimack Services Corporation DE ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Commonly owned by PC Connection MoreDirect, Inc.


More Definitions of Commonly owned

Commonly owned means retailer and dealer permits owned by the same:
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Commonly owned means that more than eighty per cent of the voting
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Related to Commonly owned

  • Beneficially Owned have a corresponding meaning.

  • Publicly owned treatment works or “POTW” means any device or system used in the treatment (including recycling and reclamation) of municipal sewage or industrial wastes of a liquid nature which is owned by a “State” or “municipality” (as defined by section 502(4) of the CWA). This definition includes sewers, pipes, or other conveyances only if they convey wastewater to a POTW providing treatment.

  • Owned means having all the customary elements of ownership, including the right of decision-making and sharing all the risks and profits commensurate with the degree of ownership interests as demonstrated by an examination of the substance, rather than the form of ownership arrangements.