Nolo's Plain-English Law Dictionary

Legal Dictionary Home

Need Professional Help? Talk to a Lawyer

Enter Your Zip Code to Connect with a Lawyer Serving Your Area

searchbox small
A corporation or other limited liability entity that operates under the legal authority of a larger "parent" corporation. Typically, a parent corporation owns a controlling interest in the shares of a subsidiary corporation, giving the parent the votes necessary to control who is appointed to the subsidiary's board of directors.