holding company


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Holding Company

A corporation that limits its business to the ownership of stock in and the supervision of management of other corporations.

A holding company is organized specifically to hold the stock of other companies and ordinarily owns such a dominant interest in the other company or companies that it can dictate policy. Holding companies must comply with the federal antitrust laws that proscribe the secret and total acquisition of the stock of one corporation by another, since this would lessen competition and create a Monopoly.

holding company

n. a company, usually a corporation, which is created to own the stock of other corporations, thereby often controlling the management and policies of all of them.

holding company

a company that controls, usually through a majority shareholding, another company or companies.
References in periodicals archive ?
Assuming that the IRA held the holding company shares on that date, those corporations should consult with their tax advisers regarding the potential benefits of electing S status and availing themselves of the recent expansion of the AJCA benefits.
After being a mutual life insurer since 1934, United Heritage converted to a mutual holding company last year.
Among the more interesting questions is whether an investment house that acquires a little bank and converts to the status of a Fed-supervised financial holding company can then use the Fed's "umbrella" as its passport to Europe.
Day, President & CEO of City Holding Company, 304-926-3300/
The new holding company is just part of the process," said Jose Suquet, President and CEO of Pan-American Life.
A bank holding company's home state is that state in which the total deposits of all banking subsidiaries of such company were the largest on the later of July 1, 1966, or the date on which the company became a bank holding company.
More likely, the IRS viewed the holding company's ownership of stock in the operating subsidiary as a historic business asset of the holding company that the subsidiary somehow continued after its acquisition of the holding company's assets.
Principal's intent to fully demutualize may serve as the best illustration of the limits and shortcomings of the mutual holding company structure, which may have fallen out of favor.
The return-of-capital distribution can result in a significant payment to the ESOP if it owns a large number of the newly issued shares of holding company stock.
As previously announced, City Holding Company reported record earnings of $5,503,000 for the year ended December 31, 1993, a 9.
According to the terms of the definitive agreement, San Juan Financial Holding Company shareholders will receive 2.