§ 1263.7. Duly organized requirement.
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/us/cfr/t12/s§ 1263.7·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An applicant shall be deemed to be duly organized, as required by section 4(a)(1)(A) of the Bank Act (12 U.S.C. 1424(a)(1)(A)) and § 1263.6(a)(1), if it is chartered by a State or federal agency as a building and loan association, savings and loan association, cooperative bank, homestead association, insurance company, savings bank, or insured depository institution or, in the case of a CDFI applicant, is incorporated under State or tribal law.
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§ 1263.7
Duly organized requirement.
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