Examlex
Given the following information, determine whether FanCo, a foreign corporation, is a CFC.
Shareholders of Voting
Foreign Corporation Power Classification Murray 24% U.S. person Nancy 20% U.S. person Otto 40% Foreign person Patricia 16% U.S. person
Patricia is Murray's daughter.
Robbing A Small Business
The act of illegally taking property from a small business through threats or violence.
Statute Of Limitations
A law that sets the maximum period one can wait before filing a lawsuit, depending on the type of case or claim, after which the legal claim is no longer valid.
Petty Theft
The theft of property of relatively low value, considered a minor crime.
Armed Robbery
A criminal act where an offender uses a weapon to steal property from another person.
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