Control of the firm arises from common stock or ordinary shares holdings of 51 percent or more. Much less than 51 percent of shares, however, may gain effective control if a significantly high percentage of shares is not held by one of the many shareholders. Also known as majority interest.

More On This Topic

Link to This Definition
Did you find this definition of MAJORITY OWNERSHIP helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary