Section 10.122 - Consociate"Consociate," when used to indicate a relationship with a specified person who is related with a bank, means:
(a) Any corporation or other organization (other than the bank or a subsidiary of the bank) of which the specified person is an officer or partner or is, directly or indirectly, the beneficial owner of 10% or more of any class of the equity securities, and any person who is an executive officer, general partner, or beneficial owner, directly or indirectly, of 10% or more of any class of the equity securities of such corporation or other organization.(b) Any trust or other estate in which the specified person has a substantial beneficial interest or as to which the specified person serves as a trustee or in a similar fiduciary capacity, and any person who has a substantial beneficial interest in, or who serves as a trustee or in a similar fiduciary capacity of, such trust or other estate.(c) Any relative or spouse of the specified person, or any relative of such spouse, who has the same home as such specified person or who is a director or officer of, the bank or of any parent or subsidiary of the bank.Cal. Code Regs. Tit. 10, § 10.122