Definitions and computation of time.

CFR · 2024-01-01 · US · Title 12

(a) (1) (2) (3) (A) Means any subsidiary, asset, or activity that is not permissible for a covered savings association or, if permissible, is being operated, held, or conducted in a manner that exceeds the limit applicable to a covered savings association; and (B) Includes an investment in a subsidiary or other entity that is not permissible for a covered savings association; and (ii) With respect to a Federal savings association that has terminated an election to operate as a covered savings association: (A) Means any subsidiary, asset, or activity that is not permissible for a Federal savings association or, if permissible, is being operated, held, or conducted in a manner that exceeds the limit applicable to a Federal savings association; and (B) Includes an investment in a subsidiary or other entity that is not permissible for a Federal savings association. (4) (b)

official document · source cfr-2024 · id 12:§ 101.2