Cal. Corporations Code § 189
Cal. Corporations Code § 189
California · California Corporations Code · Status: effective
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- Citation
- Cal. Corporations Code § 189, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/791065
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Full text
(a) Except as provided in subdivision (b), “subsidiary” of a specified corporation means a corporation shares of which possessing more than 50 percent of the voting power are owned directly or indirectly through one or more subsidiaries by the specified corporation.
(b) For the purpose of Section 703, “subsidiary” of a specified corporation means a corporation shares of which possessing more than 25 percent of the voting power are owned directly or indirectly through one or more subsidiaries as defined in subdivision (a) by the specified corporation.