California Code of Regulations
Title 10 - Investment
Chapter 2 - Savings and Loan Commissioner
Subchapter 3 - Applications and Hearings
Article 3 - Acquisition of Control of Savings and Loan Association or Savings and Loan Holding Company Registration as a Savings and Loan Holding Company
Section 103.300 - Terms Defined

Universal Citation: 10 CA Code of Regs 103.300

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

(a) "Domestic corporation" shall mean any corporation formed under the laws of the State of California.

(b) "Foreign corporation" shall mean any corporation formed under the laws of any jurisdiction other than the State of California.

(c) "Voting trust" shall mean any trust under the terms of which the right to vote or otherwise represent shares or other voting securities is conferred upon one or more trustees.

(d) "Business trust" shall mean any trust under the terms of which one or more trustees carry on a business for profit.

(e) "Limited partnership" shall be defined:

(1) as provided by the Uniform Limited Partnership Act of the State of California (Corporations Code Sections 15501- 15532) or

(2) as provided by any similar statute in any jurisdiction other than California.

(f) "Partnership fund" shall be defined as a partnership as provided by the Uniform Partnership Act of the State of California (Corporations Code Sections 15001- 15045), which is engaged in the business of trading in corporate securities.

(g) "Joint stock company" shall mean a corporation, a partnership, or a limited partnership.

(h) "Association" shall mean:

(1) a partnership, or a limited partnership, or

(2) a nonprofit association.

(i) "Syndicate" shall mean:

(1) a partnership or a limited partnership, or

(2) a joint venture.

(j) "Organized group of persons" shall mean:

(1) any unincorporated group of persons which has the characteristic of a corporation with the rights and duties of the members governed by the terms of an agreement, or

(2) any family group consisting of a husband, wife, or minor child, or any combination thereof.

1. Change without regulatory effect renumbering former Section 180 to Section 103.300 (Register 87, No. 14). For prior history, see Register 82, No. 33.

Note: Authority cited: Section 5255, Financial Code. Reference: Sections 11500- 11650, Financial Code.

Disclaimer: These regulations may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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