Control means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a plan. Such power may be exercised through one or more intermediary companies, or alone, or in conjunction with, or pursuant to an agreement. Such power may be established through a majority or minority ownership or voting of securities, common directors, officers or stockholders, voting trusts, holding trusts, affiliates, contract or any other direct or indirect means.

Note: Authority cited: Section 14312, Welfare and Institutions Code. Reference: Section 14482, Welfare and Institutions Code.

History

1. Amendment filed 12-10-79; effective thirtieth day thereafter (Register 79, No. 50).