As used in this article, "subsidiary" of any resident domestic corporation means any other corporation of which voting shares having a majority of the outstanding voting shares of the other corporation entitled to be cast are owned (directly or indirectly) by the resident domestic corporation.
"Subsidiary" defined
S.C. Code Ann. § 35-2-216, under Title 35, Chapter 2.
S.C. Code Ann. § 35-2-216