0510001 Informal Interpretation

us-ftc-hsr-informal-interpretations-affa4f82c047b4aa0b29537b8e50ffc40510001 Informal InterpretationGuidance

Open source

Date

October 4, 2005

Rule

801.1(b)

Staff

Michael Verne

Response/Comments

Correct

Original Image File (25.18 KB)

Question

From:(redacted)

Sent:Tuesday, October 04, 2005 3:14 PM
To:Verne, B. Michael
Subject: LLC question

Mike, we have a situation where the governing body of an LLC will have sixmembers and one member will be allowed to appoint four members to thatgoverning body. However, under our (new) definition of control, this doesn'tconfer control because it is not a corporation, correct? They otherwise share50/50 revenues, etc.

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