California Financial Code

§ 90005

FIN § 90005 Effective Jan 1, 2021Div. 24 · Ch. 5

Statute text

The definitions in this section apply throughout this division, except as otherwise provided in this division or if the context clearly indicates otherwise:

(a)“Affiliate” means any person that controls, is controlled by, or is under common control with another person. For purposes of this definition, “control” means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a person.

(b)“Department” means the Department of Financial Protection and Innovation.

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Legislative history

Added by Stats. 2020, Ch. 157, Sec. 7. (AB 1864) Effective January 1, 2021.