§ 28700 Licensee Affiliate Definitions

For purposes of this chapter, unless the context otherwise requires: (a) “Office with a licensee” means the position of director, officer, or employee of the licensee or of any subsidiary of the licensee. (b) “Subject person,” when used with respect to a licensee, means any of the following: (1) Any controlling person or affiliate of the licensee. (2) Any director, officer, or employee of the licensee or of any of the persons specified in paragraph (1). (3) Any other person who participates in the conduct of the business of the licensee. (Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by Sec. 4 of Ch. 668.)