Statute · California Financial Code

Cal. Fin. Code § 1282 — Bank Holding Companies

Cal. Fin. Code § 1282

Type
Statute
Source
California Financial Code
Jurisdiction
California
Date
2012-01-01
Current through
Nov 2, 2026 (California Legislative Counsel)

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

Citator

Cal. Fin. Code § 1282 — Bank Holding Companies is in force in the current edition of the Code, and nothing recorded condemns it.

“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.