Subsidiary holding company definition

Subsidiary holding company means a stock holding company, controlled by a mutual holding company, that holds one hundred per cent of the stock of a reorganized savings institution;
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Subsidiary holding company means a federally chartered stock holding company controlled by a mutual hold- ing company that owns the stock of a savings association whose depositors have membership rights in the parent mutual holding company.
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Subsidiary holding company as defined in Section 7.4(b).
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Examples of Subsidiary holding company in a sentence

  • If such moneys are placed on deposit with a bank or financial institution which is a Subsidiary, holding company, affiliate or associated company of the Trustee, it need only account for an amount of interest equal to the standard amount of interest payable by it on a deposit to an independent customer.

  • Upon receipt of any proceeds from the sales of Securities contemplated by this Agreement, the Company shall immediately contribute the amount of such cash proceeds contemplated to be contributed by Article II to its intermediate Subsidiary holding company that owns E*Trade Bank, and cause such intermediate Subsidiary holding company to immediately contribute the full amount of such proceeds to E*Trade Bank.

  • None of the Borrower's Subsidiaries may issue any Equity Interests other than to (i) the Borrower, (ii) a Subsidiary holding company of the Borrower and (iii) a Minority Holder (in connection with a Majority Acquisition).

  • Each Guarantor (other than any Guarantor that functions only as a Subsidiary holding company and is not an operating entity) is operating under a valid and enforceable franchise agreement.

  • Corporation Delaware 100% Subsidiary holding company Connecticut – American Water Company Corporation Connecticut 100% held through Greenwich Water System, Inc.


More Definitions of Subsidiary holding company

Subsidiary holding company means a stock company that is controlled by a mutual holding company and that owns the stock of a stock state bank whose depositors have membership rights in the parent mutual holding company.133General Corporation Law applicable Under the bill, a mutual holding company and any subsidiary of a mutual holding company must be created, organized, and governed, and its business must be conducted, in all respects in the same manner as is provided under the General Corporation Law, to the extent that it is not inconsistent with the Banking Law or the rules adopted under the Banking Law.134 However, a nonbank subsidiary of a mutual holding company may be organized under the general corporate laws of another state of the United States.135 A mutual holding company and any subsidiary of a mutual holding company organized under this chapter are subject to all powers, remedies, and sanctions provided to the Superintendent and the Division of Financial Institutions under the Banking Law.136
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Subsidiary holding company means a stock holding company, organized as a business corporation under the laws of Rhode Island or another state, which is controlled by a mutual holding company, and which owns the stock of a subsidiary financial institution whose depositors have rights in the parent mutual holding company.
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Subsidiary holding company means a stock company that is controlled by a mutual holding company and that owns the stock of a stock state bank whose depositors have membership rights in the parent mutual holding company.
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Subsidiary holding company. In relation to a company mean “subsidiary” and “holding company.”
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Subsidiary holding company means a company or companies organized by a parent corporation or a Subsidiary corporation to the parent corporation.
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Subsidiary holding company means a stock holding company,
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Related to Subsidiary holding company

  • Foreign Subsidiary Holding Company means any Subsidiary the primary assets of which consist of Capital Stock in (i) one or more Foreign Subsidiaries or (ii) one or more Foreign Subsidiary Holding Companies.

  • CFC Holding Company means a Subsidiary, substantially all of the assets of which consist of Equity Interests or Indebtedness of (a) one or more CFCs or (b) one or more CFC Holding Companies.

  • Bank Holding Company means a company registered as such with the Federal Reserve pursuant to 12 U.S.C. §1842 and the regulations of the Federal Reserve promulgated thereunder.

  • New Holding Company means a corporation that is not a bank, association, or national banking association and as to which all of the following apply:

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • financial holding company means a financial holding company as defined in point (20) of Article 4(1) of Regulation (EU) No 575/2013;

  • Mutual holding company means that term as defined in section 10(o) of the home owners' loan act, chapter 64, titles III and IX of Public Law 101-73, 12 U.S.C. 1467a, and OTS regulations governing mutual holding companies.

  • Subsidiary means an entity in which more than 50 percent of the entity is owned—

  • mixed-activity holding company means a parent undertaking, other than a financial holding company or an institution or a mixed financial holding company, the subsidiaries of which include at least one institution;

  • Subsidiary Company means any subsidiary company within the meaning of section 7 of the Companies Act 2014 which is a wholly owned entity used by a Fund to hold assets.