TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

subsidiary corporation [1 record]

Record 1 2024-04-03

English

Subject field(s)
  • Commercial and Other Bodies (Law)
DEF

A corporation in which another corporation owns directly, or indirectly through one or more intermediary corporations, a majority of the shares carrying the right to elect at least a majority of the members of the board of directors.

French

Domaine(s)
  • Organismes commerciaux ou non (Droit)
DEF

Société juridiquement indépendante mais placée sous le contrôle d'une société mère, généralement du fait que cette dernière détient, directement ou indirectement, une participation lui donnant le droit d'élire la majorité des membres du conseil d'administration de cette société.

Spanish

Campo(s) temático(s)
  • Organismos comerciales y otros (Derecho)
DEF

Empresa que aun teniendo plena responsabilidad jurídica y autonomía financiera, depende de una sociedad matriz, que puede tener las características de una compañía tenedora o holding.

CONT

La filial es, por lo tanto, una empresa distinta dentro de la empresa, gozando de autonomía respecto a ella.

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

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