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California Corporations Code

§ 5073

CORP § 5073Div. 2 · Title 1 · Part 1

Statute text

View on leginfo.ca.gov
(a)Except as provided in subdivision (b), “subsidiary” of a specified corporation means a corporation more than 50 percent of the voting power of which is owned directly, or indirectly through one or more subsidiaries, by the specified corporation.
(b)For the purpose of Section 7315, “subsidiary” of a specified corporation means a corporation more than 25 percent of the voting power of which is owned directly, or indirectly through one or more subsidiaries as defined in subdivision (a), by the specified corporation.

Legislative history

Amended by Stats. 1979, Ch. 724.

Source: California Corporations Code § 5073 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.