{"code":"FIN","codeName":"Financial Code","section":"1282","citation":"Fin. Code, § 1282","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1.1. BANKING [1000. - 1910.]","url":"https://blackletter.si/financial-code/division-1.1"},{"name":"CHAPTER 8. Bank Holding Companies [1280. - 1287.]","url":"https://blackletter.si/financial-code/division-1.1/chapter-8"}],"history":"Added by Stats. 2011, Ch. 243, Sec. 3.   (SB 664)   Effective January 1, 2012.","effective":"2012-01-01","html":"<p>“Subsidiaries,” with respect to a specified bank holding company, means:</p><p>(a) Any company 10 percent or more of whose voting securities are directly or indirectly owned or controlled by such bank holding company;</p><p>(b) Any company a majority of whose directors are controlled in any manner by such holding company;</p><p>(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</p><p>(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.</p>","text":"“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.","otherVersions":[],"url":"https://blackletter.si/financial-code/bank-holding-companies-1282","source":"California Legislative Information bulk export (pubinfo)"}