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Posted on 6/30/14 at 2:25 pm to Duke
quote:
I assume only privately owned companies are covered. I see the precedent set pretty clearly.
Privately and CLOSELY owned, which isn't that many companies.
Closely owned in this sense is where 50% or more of the company's equity is owned by five or fewer people (I'm too lazy to look it up, but I do believe that is the definition cited by SCOTUS), as in the case of Hobby Lobby which is owned mostly by one family.
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