Subsidiary Law and Legal Definition

According to 12 USCS § 1813 (w) (4), [Title 12. Banks and Banking; Chapter 16. Federal Deposit Insurance Corporation] the term subsidiary--

“(A) means any company which is owned or controlled directly or indirectly by another company; and

(B) includes any service corporation owned in whole or in part by an insured depository institution or any subsidiary of such a service corporation.”