§ 589.412. Projects owned, or to which a majority of voting rights are held, by one or more persons subject to § 589.205.
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/us/cfr/t31/s§ 589.412·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The prohibitions in § 589.205(b) apply to projects owned 33 percent or more, or to projects in which a majority of voting interests are held, individually or in the aggregate, by one or more persons subject to § 589.205, their property, or their interests in property, including entities owned 50 percent or more by one or more persons subject to § 589.205. Example 1 to § 589.412:If two entities that are each subject to § 589.205 each hold a 20 percent ownership interest in Project X, or together own a majority of the voting interests in Project X, then the prohibition in § 589.205(b) applies to Project X.