In this Subarticle, for purposes of calculating the total amount invested in a corporation by a subject institution, there shall be included not only amounts invested in the corporation by the subject institution under Financial Code Section 1472 but also any amounts otherwise invested in the corporation by the subject institution. Thus, there shall be included all securities (both equity and non-equity securities) of the corporation owned by the subject institution, all contributions to the capital of the corporation made by the subject institution, all loans made or credit otherwise extended by the subject institution to or for the benefit of the corporation, and any other obligations of the corporation to pay money to the subject institution.

Note: Authority cited: Section 326, Financial Code. Reference: Section 1472, Financial Code.

History

1. Change without regulatory effect amending section and Note filed 8-21-2019 pursuant to section 100, title 1, California Code of Regulations (Register 2019, No. 34).