§ 31054 Corporate Subsidiary Definition

Financial Code·California

AI SummaryVerified

Key Takeaways

•A 'subsidiary' is a company that is controlled by another company.
•The control can be direct or through other companies in between.
•This rule is about companies, not people.

Example

Company A owns Company B, and Company B owns Company C.

Company C is a subsidiary of Company A because Company A controls it, even if it's through Company B.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 31054 Corporate Subsidiary Definition

“Subsidiary”, when used with respect to a specified person other than a natural person, means any person other than a natural person controlled by such specified person, directly or indirectly through one or more intermediaries. (Added by Stats. 1977, Ch. 1164.)

Last verified: January 23, 2026

Key Terms

subsidiary in california organization

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 31054.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References