alleryStart learning →Two persons are deemed related if one holds this share of voting stock of both
Aten per cent or more
Bfifty per cent or more
Cfive per cent or more
Dtwenty-five per cent or more
Answer & Solution
Correct answer: D. twenty-five per cent or more
The explanation to section 15 treats persons as related when anyone owns, controls or holds twenty-five per cent or more of voting stock of both.
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