control of corporation

Power to dictate the action of the corporation, not the mere management of a department of the operations. 36 Am J1st Monop etc § 132; the ownership or control of the stock of a corporation which has power to dominate the business, together with the voting strength to make that domination effective. Commissioner v Shillito Realty Co. (CA6) 39 F2d 830, 69 ALR 1266; ultimately, the control exercised by the owners of a majority of the shares of stock. 18 Am J2d Corp § 496. In a legal sense, one corporation cannot be said to "control" another corporation because nearly all of the stock of the latter corporation is owned by the former. Under such circumstances, the corporation owning the shares can elect the board of directors, but there its power of management stops and the control is lodged in the board of directors. Pullman's Palace Car Co. v Missouri Pacific Railway Co. 115 US 587, 596, 29 L Ed 499, 6 S Ct 194.