Financial Definition of Controlled Foreign Corporation (Cfc)
Meaning of Controlled Foreign Corporation (Cfc)
A foreign corporation whose voting stock is more than 50% owned by U.S. stockholders, each of whom owns at least 10% of the voting power.
Related Entries of Controlled Foreign Corporation (Cfc) in the Encyclopedia of Law Project
Browse or run a search for Controlled Foreign Corporation (Cfc) in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Controlled Foreign Corporation (Cfc) in Historical Law
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Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Controlled Foreign Corporation (Cfc) in the Legal Abbreviations and Acronyms Dictionary.
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Controlled Foreign Corporation (Cfc) in the Dictionary | Controlled Foreign Corporation (Cfc) in our legal dictionaries |
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Related topics | Controlled Foreign Corporation (Cfc) in the World Encyclopedia of Law |
What is Controlled Foreign Corporation (Cfc)?
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English Legal System: Controller
In the context of the English law, A Dictionary of Law provides the following legal concept of Controller :
(in company law)
Strictly, one who holds shares conferring a majority of the *voting power that can be exercised at a general meeting. In practice, effective control can often be exercised by a director with no voting power or a minority of it if he is able to manipulate *proxy voting.
See also subsidiary company.
Resources
See Also
- Comptroller
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