U.S. OWNED COMPANIES definition

U.S. OWNED COMPANIES means *
U.S. OWNED COMPANIES means any corporation, partnership, limited liability company, trust, joint stock company, unincorporated association or other entity controlled by persons incorporated or organized under the laws of any state of the United States or who are citizens of the United States. (For this purpose "control" shall mean ultimate direct or indirect beneficial ownership of more than fifty percent (50%) of the voting stock of, or more than fifty percent (50%) interest in the equity or beneficial interest of, such corporation or other business entity.)