California Legal Codes and Statutes

§ 5073

Amended by Stats. 1979, Ch. 724.
(a)Except as provided in subdivision (b), “subsidiary” of a specified corporation means a corporation more than 50 percent of the voting power of which is owned directly, or indirectly through one or more subsidiaries, by the specified corporation.
(b)For the purpose of Section 7315, “subsidiary” of a specified corporation means a corporation more than 25 percent of the voting power of which is owned directly, or indirectly through one or more subsidiaries as defined in subdivision (a), by the specified corporation.

Cite this section

Cal. Corp. Code § 5073 (2026)
https://ca.codecond.com/codes/corp/title-1-corporations/division-2-nonprofit-corporation-law/part-1-general-provisions-and-definitions-governing-parts-1-through-5/section-5073

Other sections in Part 1 - GENERAL PROVISIONS AND DEFINITIONS GOVERNING PARTS 1 THROUGH 5

§ 5002§ 5003§ 5004§ 5005§ 5005.1§ 5006§ 5007§ 5008§ 5008.5§ 5008.6…§ 5071§ 5072§ 5073§ 5074§ 5075§ 5076§ 5077§ 5078§ 5079§ 5080

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