Cal. Code Regs. tit. 10 § 80.165

Current through Register 2024 Notice Reg. No. 52, December 27, 2024

Section 80.165 - Majority-Owned Subsidiary

"Majority-owned subsidiary" means a subsidiary more than 50 percent of whose outstanding securities representing the right (other than as affected by events of default) to vote for the election of directors, is owned by the subsidiary's parent and/or one or more of the parent's other majority-owned subsidiaries.

Cal. Code Regs. Tit. 10, § 80.165

1. Amendment of NOTE filed 8-11-2015; operative 10-1-2015 (Register 2015, No. 33).

Note: Authority cited: Sections 321 and 334, Financial Code. Reference: Division 1.2, Financial Code.

1. Amendment of Note filed 8-11-2015; operative 10/1/2015 (Register 2015, No. 33).