Regulations last checked for updates: Nov 26, 2024

Title 12 - Banks and Banking last revised: Nov 20, 2024
§ 390.303 - Parent company; subsidiary.

The term parent company means any company which directly or indirectly controls any other company or companies. The term subsidiary means any company which is owned or controlled directly or indirectly by a person, and includes a subsidiary owned in whole or in part by a State savings association, or a subsidiary of that subsidiary.

authority: 12 U.S.C. 1819.
source: 76 FR 47655, Aug. 5, 2011, unless otherwise noted.
cite as: 12 CFR 390.303