12 CFR 390.303
§ 390.303 Parent company; subsidiary.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 390.303, § 390.303 Parent company; subsidiary, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47269
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Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.