Operating Subsidiary(Banking) Law and Legal Definition
Subsidiaries are institutions operating under the instructions of the originator. A subsidiary engages only in the activities permitted by the main institution. In banking, national banks operate some banking activities through companies called operating subsidiaries. Operating subsidiaries are owned and controlled by a national bank. These operating subsidiaries perform services such as loans, mortgages, and leases. Stock of operating subsidiaries can be sold to non-thrift investors.
Legal Definition list
- Operating Subsidiary(Banking)
- Operating Life [Aeronautics and Space]
- Operating Income
- Operating Expenses
- Operating Environment [Aeronautics and Space]
- Operating Under the Influence OUI
- Operating Unit
- Operation Enduring Freedom [OEF]
- Operation Garden Plot
- Operation Hazard [Aeronautics and Space]
- Operation Last Call
Related Legal Terms
- Administrative and Operating [A&O] Subsidy
- Air Carrier Operating Certificate
- Airport Operating Certificate
- Chief Operating Officer [Aviation Law]
- Clearance Point [Railroad Operating Practices]
- Cooperating Agency
- Cooperating Forestry Schools
- Cooperating Witness
- Cooperative Service Organizations of Operating Educational Organizations
- Current Operating Performance Concept
