§ 338.6. Definitions applicable to this subpart.
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/us/cfr/t12/s§ 338.6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For purposes of this subpart—
(a)Bank means an insured State nonmember bank as defined in section 3 of the Federal Deposit Insurance Act, 12 U.S.C. 1813.
(b)Controlled entity means a corporation, partnership, association, or other business entity with respect to which a bank possesses, directly or indirectly, the power to direct or cause the direction of management and policies, whether through the ownership of voting securities, by contract, or otherwise.
(c)FDIC-supervised institution means either a bank or a State savings association.
(d)State savings association has the same meaning as in section 3(b)(3) of the Federal Deposit Insurance Act, 12 U.S.C. 1813(b)(3).
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§ 338.6
Definitions applicable to this subpart.
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