"Subsidiary" means a corporation, limited liability company, partnership, business trust, joint venture, pool, syndicate or other similar business organization.
"Majority-owned" means the savings bank owns more than 50% of the voting interest or equivalent ownership interest of the subsidiary.
"Control" means effective operating control.
Ill. Admin. Code tit. 38, § 1075.600
Amended at 30 Ill. Reg. 19068, effective December 1, 2006