### Question
Can you define what subsidiary means?


### Answer
**Subsidiary** is defined as the following in *45 U.S.C. § 1303*:

> any corporation more than 50 percent of whose outstanding voting securities are directly or indirectly owned by the Corporation

#### Citation:
  - *45 U.S.C. § 1303*
  - Heading: **CHAPTER 22-CONRAIL PRIVATIZATION > SUBCHAPTER I-GENERAL PROVISIONS**

