Interpretation in this Part

In this Part“consolidated company” means the new company that results from the consolidation of two or more constituent companies; “consolidation” means the uniting of two or more constituent companies into a new company; “constituent company” means an existing company that is participating in a merger or consolidation with one or more other existing companies; 78 “merger” means the merging of two or more constituent companies into one of the constituent companies; “parent company” means a company that owns at least 90 per cent of the outstanding shares of each class and series of shares in another company; “subsidiary company” means a company at least 90 per cent of whose outstanding shares of each class and series of shares are owned by another company; “surviving company” means the constituent company into which one or more other constituent companies are merged.