5A. Definition of ultimate holding company Flashcards
1
Q
5A. Definition of ultimate holding company
A
General overview
[5A.01] This section clarifies that the ultimate holding company cannot be the subsidiary of another company. In other words, it is at the apex of a group of companies.
2
Q
“ultimate holding company”
A
[5A.02] The ultimate holding company is the holding company (A) of another corporation (B), and A is not a subsidiary of another corporation.