Portfolio stock definition
Portfolio stock is stock or securities in corporations that are not subsidiaries of the Company. A corporation is considered a “subsidiary” if the parent owns more than fifty percent (50%) of the combined voting power of all classes of stock entitled to vote, or more than fifty percent (50%) of the value of all outstanding stock, of the corporation (Section 1202(e)(5)(C)). 14 Section 1202(e)(7). The ownership of, dealing in, or renting of real property is not treated as the active conduct of a qualified trade or business.
Examples of Portfolio stock in a sentence
Any such sale or disposition may be for cash, debentures or other obligations, Charged Portfolio, stock, securities or other valuable consideration and be payable immediately or by instalments spread over such period as the Security Trustee shall think fit.
Very truly yours, ----------------------------- [Name of Holder] By: ------------------------------------------ [Title] --------------------------------------------- [Fax No.] $ --------------------------------------------- Number of Notes surrendered for exercise of the Right to Receive the Equivalent Share Amount If you want the Portfolio stock made out in another person's name, fill in the form: ----------------------------- (Insert person's soc.