California Financial Code

§ 1280

FIN § 1280 Effective Jan 1, 2012Div. 1.1 · Ch. 8

Statute text

“Bank holding company” means:

(a)Any person or company which:

(1)Directly or indirectly owns, controls, or holds with power to vote, 10 percent or more of the outstanding stock of any domestic bank, or 10 percent or more of the outstanding stock of any domestic bank together with 10 percent or more of the shares or proxy of shares of any national bank located in California.

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Legislative history

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.