Section 1282.
Cal. Financial Code - FIN § 1282.
in effect“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.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026