Section 5100.5 Of Article 2. General Definitions From California Financial Code >> Division 2. >> Chapter 1. >> Article 2.
5100.5
. "Affiliated person" of a savings association means the
following:
(a) A director, officer, or controlling person of the savings
association.
(b) A spouse of a director, officer, controlling person of the
savings association.
(c) A member of the immediate family of a director, officer, or
controlling person of the savings association, who has the same home
as that person or who is a director or officer of any subsidiary of
the savings association or of any holding company affiliate of the
savings association.
(d) Any corporation or organization other than the savings
association or a corporation or organization through which the
savings association operates, of which a director, officer or
controlling person of the savings association meets any of the
following criteria:
(1) Is chief executive officer, chief financial officer, or a
person performing similar functions.
(2) Is a general partner.
(3) Is a limited partner who, directly or indirectly either alone
or with his spouse and the members of his immediate family who are
also affiliated persons of the savings association, owns an interest
of 10 percent or more in the partnership (based on the value of his
contribution) or who, directly or indirectly with other directors,
officers, and controlling persons of the savings association and
their spouses and their immediate family members who are also
affiliated persons of the savings association owns an interest of 25
percent or more in the partnership.
(4) Directly or indirectly either alone or with his or her spouse
and the members of his or her immediate family who are also
affiliated persons of the savings association, owns or controls 10
percent or more of any class of equity securities or owns or
controls, with other directors, officers, and controlling persons of
the savings association and their spouses and their immediate family
members who are also affiliated persons of the savings association,
25 percent or more of any class of equity securities.
(e) Any trust or other estate in which a director, officer, or
controlling person of the savings association or the spouse of the
person has a substantial beneficial interest or as to which the
person or his or her spouse serves as trustee or in a similar
fiduciary capacity.