What defines a subsidiary corporation?

A subsidiary corporation is defined primarily by the ownership structure in which another corporation holds more than 50% of its voting stock. This majority ownership enables the parent corporation to exert control over the subsidiary's policies, management, and operations. This relationship allows the parent corporation to influence or dictate decisions made within the subsidiary, effectively integrating its functions into the broader strategy of the parent company.

The other options do not accurately capture the essence of what constitutes a subsidiary. For example, simply holding stocks in another corporation does not imply control; the proportion of stock held is critical to define a subsidiary. A corporation managing religious affairs or one consisting of only one member also does not reflect the specific ownership and control dynamics that characterize a subsidiary relationship in a corporate context. Hence, the definition hinges significantly on the control aspect established through majority voting stock ownership.