NAC706.401913. “Control,” “controlled by” and “under common control with” defined.

“Control,” “controlled by” and “under common control with” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a company, whether that power is:

     1. Exercised alone, in conjunction with or through one or more intermediary companies, or pursuant to an agreement; or

     2. Established through:

     (a) A majority or minority ownership or voting of securities;

     (b) Common directors, officers or stockholders;

     (c) Voting trusts;

     (d) Holding trusts;

     (e) Associated companies;

     (f) A contract; or

     (g) Any other direct or indirect means.

     (Added to NAC by Transportation Serv. Auth. by R040-02, eff. 9-20-2002)