Negotiable Order of Withdrawal Accounts.

CFR · 2024-01-01 · US · Title 12

(a) (b) For purposes of 12 U.S.C. 1832: (1) An organization shall be deemed “operated primarily for religious, philanthropic, charitable, educational, or other similar purposes and * * * not * * * for profit” if it is described in sections 501(c)(3) through (13), 501(c)(19), or 528 of the Internal Revenue Code; and (2) The funds of a sole proprietorship or unincorporated business owned by a husband and wife shall be deemed beneficially owned by “one or more individuals.”

official document · source cfr-2024 · id 12:§ 390.297