California Statutes
§ 1282. — 1282. (Added by Stats. 2011, Ch. 243, Sec. 3.)
California·Code FIN Financial Code - FIN·Div. 1.1. DIVISION 1.1. BANKING·Ch. 8. CHAPTER 8. Bank Holding Companies
“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.
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California § 1282. (1282. (Added by Stats. 2011, Ch. 243, Sec. 3.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.