Ownership and control definition

Ownership and control means ownership of at least 51% of
Ownership and control means ownership of at least 51% of the business, including corporate stock if a corporation, and control over the management and day-to-day operations of the business and an interest in the capital, assets, and profits and losses of the business proportionate to percentage of ownership. [410 ILCS 705/1-10]
Ownership and control means ownership of at least fifty-one percent (51%) of the

Examples of Ownership and control in a sentence

  • Ownership and control of the apartment shall remain with the College.

  • Ownership and control of the business will remain protected from creditors and the funds received from the purchase should satisfy the bankruptcy trustee’s interest in the company.

  • Ownership and control of the expirations on any business placed by Producer through Orchid shall remain with Producer.

  • Ownership and control of any Technology or Intellectual Property Rights conceived, created, generated, made, derived, developed or reduced to practice through performance of the Services shall be determined in accordance with the Technology Agreement.

  • Ownership and control of toll free telephone lines ▇▇▇-▇▇▇-▇▇▇▇ and ▇▇▇-▇▇▇-▇▇▇▇ will be retained by the Funds, even though these lines may be connected from time to time to the telephone system of Declaration.


More Definitions of Ownership and control

Ownership and control means: Individuals who do not exceed the Net worth Limitation, must own at least fifty-one percent (51 %) of the business, and they must control and manage the operations of the business on a daily basis.
Ownership and control means that the individual person(s) who ultimately directly or indirectly:
Ownership and control means ownership of at least 51% of the business, including corporate stock if a corporation, and
Ownership and control means ownership, directly or through
Ownership and control means the following:
Ownership and control has the meaning attributed thereto in Section 8.1(k).
Ownership and control means ownership of at least 51% of the business,