Definitions.

CFR · 2024-01-01 · US · Title 12

As used in this part and in the forms under this part, the following definitions apply, unless the context otherwise requires: (a) (b) (c) (d) (1) The Federal Deposit Insurance Corporation, the Resolution Trust Corporation, or any Federal Home Loan Bank, or (2) Any company the majority of shares of which is owned by: (i) The United States or any State, (ii) An officer of the United States or any State in his or her official capacity, or (iii) An instrumentality of the United States or any State. (e) A person shall be deemed to have (1) A savings association if the person directly or indirectly or acting in concert with one or more other persons, or through one or more subsidiaries, owns, controls, or holds with power to vote, or holds proxies representing, (2) Any other company if the person directly or indirectly or acting in concert with one or more other persons, or through one or more subsidiaries, owns, controls, or holds with power to vote, or holds proxies representing, more than 25 percent of the voting shares or rights of such other company, or controls in any manner the election or appointment of a majority of the directors or trustees of such other company, or is a general partner in or has contributed more than 25 percent of the capital of such other company; (3) A trust if the person is a trustee thereof; (4) A company if the Board determines, after reasonable notice and opportunity for hearing, that such person directly or indirectly exercises a controlling infl

official document · source cfr-2024 · id 12:§ 238.2