§ 1470
124 words·~1 min read·
/ca/financial-code/1470A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)In this article and in Article 4 (commencing with Section 1710) of Chapter 19, “affiliate,” when used with respect to a specified person, means any person controlling, controlled by, or under common control with, the specified person, directly or indirectly, through one or more intermediaries.
(b)“Control” has the meaning set forth in Section 1250.
(c)“Regulated corporation” means any corporation or limited liability company or similar entity in which a bank makes an equity investment and which the bank controls.
(d)“Securities issued by a person” means any debt, equity, or other security issued by a person, and any and all affiliates of that person, issued for the benefit of that person or for the benefit of an affiliate of that person.