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) (1) Is acquired by a mutual holding company as part of, and concurrently with, a mutual holding company reorganization; and (2) Is in the mutual form immediately prior to such acquisition. (b) (c) (d) (1) A corporation or organization (other than the mutual holding company, subsidiary holding company, or any majority-owned subsidiaries of such holding companies), if the person is a senior officer or partner, or beneficially owns, directly or indirectly, 10 percent or more of any class of equity securities of the corporation or organization. (2) A trust or other estate, if the person has a substantial beneficial interest in the trust or estate or is a trustee or fiduciary of the trust or estate. For purposes of §§ 239.59(k), 239.59(m), 239.59(n), 239.59(o), 239.59(p), 239.63(b), a person who has a substantial beneficial interest in the mutual holding company or subsidiary holding company's tax-qualified or non-tax-qualified employee stock benefit plan, or who is a trustee or a fiduciary of the plan, is not an associate of the plan. For the purposes of § 239.59(k), the mutual holding company or subsidiary holding company's tax-qualified employee stock benefit plan is not an associate of a person. (3) Any natural person who is related by blood or marriage to such person and: (i) Who lives in the same home as the person; or (ii) Who is a director or s

official document · source cfr-2024 · id 12:§ 239.2