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EXHIBIT 21
Subsidiaries of the Registrant
Percentage of | ||
Organized | Voting Securities | |
Under | Owned by | |
Laws of | Immediate Parent | |
Consolidated-Tomoka Land Co. | Florida | -- |
Indigo Group Inc. | Florida | 100.0 |
Indigo Group Ltd. | Florida | 99.0* |
(A Limited Partnership) | ||
Indigo Development Inc. | Florida | 100.0 |
Indigo Commercial Realty Inc. | Florida | 100.0 |
Palms Del Mar Inc. | Florida | 100.0 |
Indigo International Inc. | Florida | 100.0 |
W. Hay Inc. | Florida | ** |
W. Hay LLC | Florida | *** |
* Consolidated-Tomoka Land Co. is the limited partner of Indigo Group
Ltd., and owns 99.0% of the total partnership equity. Indigo Group
Inc. is the managing general partner of the partnership and owns a
1.0% of the partnership equity.
** W. Hay Inc. is 100% owned by Indigo Group Inc.
*** W. Hay LLC is 100% owned by W. Hay Inc.
All subsidiaries are included in the Consolidated Financial Statements of the Company and its subsidiaries appearing elsewhere herein.