California Financial Code

§ 1282

FIN § 1282 Effective Jan 1, 2012Div. 1.1 · Ch. 8

“Subsidiaries,” with respect to a specified bank holding company, means:

(a)Any company 10 percent or more of whose voting securities are directly or indirectly owned or controlled by such bank holding company;

(b)Any company a majority of whose directors are controlled in any manner by such holding company;

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Legislative history

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.