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California Corporations Code

§ 189

CORP § 189Div. 1 · Title 1 · Ch. 1

Statute text

View on leginfo.ca.gov
(a)Except as provided in subdivision (b), “subsidiary” of a specified corporation means a corporation shares of which possessing more than 50 percent of the voting power are owned directly or indirectly through one or more subsidiaries by the specified corporation.
(b)For the purpose of Section 703, “subsidiary” of a specified corporation means a corporation shares of which possessing more than 25 percent of the voting power are owned directly or indirectly through one or more subsidiaries as defined in subdivision (a) by the specified corporation.

Legislative history

Amended by Stats. 1976, Ch. 641.

Source: California Corporations Code § 189 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.