10010
FINANCIAL CODE
SECTION 10010
10010. Terms not expressly defined in this chapter have the meaning given in Chapter 1 (commencing with Section 5000) or as the commissioner may provide by regulation. For the purposes of this chapter: (a) "California savings association" means either (1) an association or (2) a foreign association or successor thereof that was licensed to do the business of an association in California on September 15, 1935. (b) "Foreign holding company" means a savings and loan holding company as defined in Section 10 of the Home Owners Loan Act, as amended (12 U.S.C. Sec. 1467a) or bank holding company as defined in Section 3 of the federal Bank Holding Company Act, as amended, (12 U.S.C. Sec. 1841 et seq.), which savings and loan or bank holding company (1) has its principal place of deposits outside of California and (2) does not control a subsidiary California savings association or a subsidiary federal association with, or a subsidiary foreign savings association with, an authorized home or branch office in California at which accounts may lawfully be opened and deposits may lawfully be accepted. (c) "Foreign savings association" means an insured institution other than a California savings association and other than a federal association. (d) "Insured institution" means an entity: (1) the deposits of which are insured by the Federal Deposit Insurance Corporation, (2) which is chartered by the Office of Thrift Supervision, or (3) which, because of its assets or activities, has a holding company that is regulated as a savings and loan holding company under Section 10 of the Home Owners Loan Act, as amended (12 U.S.C. Sec. 1467a). (e) The "principal place of deposits" of an entity is that state in which the total deposits of all of that entity's depository operations and those of its affiliates are largest.