Section Puc 3002.01 - 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 3002.01
#7811, eff 12-28-02; ss by #9796-A, eff 9-25-10
Amended by Volume XXXIX Number 16, Filed April 18, 2019, Proposed by #12757, Effective 6/1/2019, Expires 6/1/2029.