§ 240.12b-5. Determination of affiliates of banks.
66 words·~1 min read·
/us/cfr/t17/s§ 240.12b-5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In determining whether a person is an "affiliate" or "parent" of a bank or whether a bank is a "subsidiary" or "majority-owner subsidiary" of a person within the meaning of those terms as defined in § 240.12b-2, voting securities of the bank held by a corporation all of the stock of which is directly owned by the United States Government shall not be taken into consideration.