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(1) Entity with voting power that directly or indirectly owns 20% of debtors voting securities; (2) Corporation in which the debtor owns 20% of voting securities; (3) Person whose business is operated under debtors lease or operating agreement; or (4) Entity that operates the business or property of the debtor under a lease or operating agreement.
- Browse Related Terms: affiliate, avoidance powers, Exempt property, fraudulent transfer, Liabilities, motion to lift the automatic stay, nonexempt property, postpetition transfer, property of the estate, statement of financial affairs, transfer, voluntary transfer