California Financial Code

§ 1470

FIN § 1470 Effective Jan 1, 2012Div. 1.1 · Ch. 14 · Art. 2

Statute text

(a)In this article and in Article 4 (commencing with Section 1710) of Chapter 19, “affiliate,” when used with respect to a specified person, means any person controlling, controlled by, or under common control with, the specified person, directly or indirectly, through one or more intermediaries.

(b)“Control” has the meaning set forth in Section 1250.

(c)“Regulated corporation” means any corporation or limited liability company or similar entity in which a bank makes an equity investment and which the bank controls.

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Legislative history

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