§ 103.201. Terms Defined.
10 CA ADC § 103.201Barclays Official California Code of Regulations
10 CCR § 103.201
§ 103.201. Terms Defined.
(d) “Surviving association” means the association into which one or more other associations are merged or which receives by transfer all or substantially all of the property and assets of one or more associations and “consolidated association” means the new association into which two or more associations are consolidated.
(i) “Associate” is used in these regulations to indicate a relationship with any person, including: (1) any corporation or organization (other than the constituent association or a majority owned subsidiary of the constituent association) of which such person is an officer or partner or is the beneficial owner of ten percent (10%) or more of any class of securities; and (2) any trust or other estate in which such person has a substantial beneficial interest or as to which such person serves as a trustee or in a similar fiduciary capacity; and (3) any relative or spouse of such person, who is a member of such person's household or who is a director or officer of the constituent association or any of its parents or subsidiaries.
Credits
Note: Authority cited: Section 5255, Financial Code. Reference: Section 9200-9218, Financial Code.
History
1. Change without regulatory effect renumbering former Section 201 to Section 103.201 (Register 87, No. 14). For prior history, see Register 77, No. 11.
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 10, § 103.201, 10 CA ADC § 103.201
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