In certain circumstances, a majority vote is not required to determine power of another entity, even in the absence of contractual arrangements that give power.

Question

Quizplus · Accepted Answer

In some cases, power can be determined through other means such as de facto control, potential voting rights, or other arrangements that enable an entity to direct the relevant activities of another entity, even without a majority vote or explicit contractual arrangements.

In Certain Circumstances, a Majority Vote Is Not Required to Determine