This page is continued from Property >>>> Ownership >>>> Related Terms:
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control:
vb. (15c)
1. To exercise power or influence over <the judge controlled the proceedings>.
2. To regulate or govern <by law, the budget office controls expenditures>.
3. To have controlling interest in <the five shareholders controlled the company>. [1]
control:
(16c) n.
1. The direct or indirect power to govern the management and policies of a person or entity, whether through ownership or voting securities, by contract, or otherwise; the power or authority to manage, direct, or oversee <the principal exercised control over the agent>.
Various Forms of Control:
ceded control – Control that has been surrendered or given up.
corporate control – Corporations. 1. Ownership of more than 50% of the shares in a corporation. — aka effective control; working control.
2. The power to vote enough of the shares in a corporation to determine the outcome of matters that the shareholders vote on.
effective control – 1. The physical retention of possession of an item or its maintenance in a secure place.
2. See corporate control (1).
- working control – (1897) The effective control of a corporation by a person or group who owns less than 50% of he stock. 2. See corporate control (2).
superintending control – (1850) The general supervisory control that a higher court in a jurisdiction has over the administrative affairs of a lower court within that jurisdiction. [1]
References:
Disclaimer: All material throughout this website is compiled in accordance with Fair Use.
[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4
[2]: Ballantine’s Law Dictionary with Pronunciations Third Edition by James A. Ballantine (James Arthur 1871-1949). Edited by William S. Anderson. © 1969 by THE LAWYER’S CO-OPERATIVE PUBLISHING COMPANY. Library of Congress Catalog Card No. 68-30931
[3]: Ballantine’s Law Dictionary Legal Assistant Edition
by Jack Ballantine (James Arthur 1871-1949). Doctored by Jack G. Handler, J.D. © 1994 Delmar by Thomson Learning. ISBN 0-8273-4874-6.
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