12-U.S.C.-1971
§1971 – Definitions
Pathway
Title 12 > Chapter 22 > Section 1971
Details
- Reference: Section 1971
- Legend: §1971 – Definitions
- USCode Year: 2013
Provision Content
As used in this chapter, the terms bank, bank holding company, subsidiary, and Board have the meaning ascribed to such terms in section 1841 of this title. For purposes of this chapter only, the term company, as used in section 1841 of this title, means any person, estate, trust, partnership, corporation, association, or similar organization, but does not include any corporation the majority of the shares of which are owned by the United States or by any State. The term trust service means any service customarily performed by a bank trust department. For purposes of this chapter, a financial subsidiary of a national bank engaging in activities pursuant to section 24a(a) of this title shall be deemed to be a subsidiary of a bank holding company, and not a subsidiary of a bank.
(Pub. L. 91–607, title I, §106(a), Dec. 31, 1970, 84 Stat. 1766; Pub. L. 106–102, title I, §121(c), Nov. 12, 1999, 113 Stat. 1380.)
Amendments
1999—Pub. L. 106–102 inserted at end For purposes of this chapter, a financial subsidiary of a national bank engaging in activities pursuant to section 24a(a) of this title shall be deemed to be a subsidiary of a bank holding company, and not a subsidiary of a bank.
Effective Date of 1999 Amendment
Amendment by Pub. L. 106–102 effective 120 days after Nov. 12, 1999, see section 161 of Pub. L. 106–102, set out as a note under section 24 of this title.
U.S. Encyclopedia of Law Coverage
12-U.S.C.-1952 in the Legal Encyclopedia: Banking Law
In this entry about 12-U.S.C.-1952, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.
Title 12 – Banks And Banking in the Legal Encyclopedia: Farm Credit System
In this entry about Title 12 – Banks And Banking, find legal reference material, bibliographies and premiere content related to farm credit system in the American Encyclopedia of Law, presenting a comprehensive view of the United States farm credit system-specific issues, written by authorities in the field.
12-U.S.C.-215A-1 in the Legal Encyclopedia: Credit Institutions
In this entry about 12-U.S.C.-215A-1, find legal reference material, bibliographies and premiere content related to credit institutions in the American Encyclopedia of Law, presenting a comprehensive view of the United States credit institutions-specific issues, written by authorities in the field.
Leave a Reply