CA Fin Code Section 1282


“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;

(c)

Any company 10 percent or more of whose voting securities are held by trustees or nontrustees for the benefit of the stockholders, shareholders, or members of such holding company; or

(d)

Any company 10 percent or more of the legal or beneficial ownership of which is directly or indirectly owned or controlled by such holding company.
Last Updated

Aug. 19, 2023

§ 1282’s source at ca​.gov