Section Puc 2002.01 - Affiliate"Affiliate" means any of the following:
(a) Any person or entity that directly or indirectly owns, controls, or holds with power to vote a majority of the outstanding voting securities or such minority thereof as to give such person substantial control of another person or entity;(b) Any person or entity that is directly or indirectly owned, controlled, or held by any person or entity described in (a) above through either power to vote a majority of the outstanding voting securities or such a minority so as to maintain substantial control of such person or entity;(c) Any person or entity with which another person or entity has a management or service contract or arrangement that provides such person or entity with effective control over the management, supervision, or operation of the other person or entity; or(d) Any person or entity who or which actually exercises effective control over the management, supervision, or operation of another person or entity.N.H. Admin. Code § Puc 2002.01
#7758, eff 9-4-02; ss by #9774-A, eff 8-26-10
Amended by Volume XXXVII Number 37, Filed September 14, 2017, Proposed by #12372, Effective 11/1/2017, Expires 11/1/2027.