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Re: rising post# 14382

Friday, 07/06/2018 5:22:11 PM

Friday, July 06, 2018 5:22:11 PM

Post# of 17028
Umm... You do know what a subsidiary is right?

Here's a hint or two:
Subsidiaries are separate, distinct legal entities for the purposes of taxation, regulation and liability. In other words, a subsidiary can sue and be sued separately from its parent and its obligations will not normally be the obligations of its parent.

The parent and the subsidiary do not necessarily have to operate in the same locations or operate the same businesses.

This is the DTII board, not the PSSI board...SMH
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