§ 10.122. Consociate.
10 CA ADC § 10.122Barclays Official California Code of Regulations
10 CCR § 10.122
§ 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.
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 10, § 10.122, 10 CA ADC § 10.122
End of Document |