§ 1971. Definitions
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/usc/title-12/section-1971A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.)
Connections32 cite this · traces to 3
Cited by 32 sections · top 23
U.S. Code
CFR
- § 5.39Financial subsidiaries of a national bank.
- § 208.73What additional provisions are applicable to state member banks with financial subsidiaries?
- § 225.7Exceptions to tying restrictions.
- § 225.21Prohibited nonbanking activities and acquisitions; exempt bank holding companies.
- § 225.145Limitations established by the Competitive Equality Banking Act of 1987 on the activities and growth of nonbank banks.
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statutes-at-large
- Public Law 104–193To provide for reconciliation pursuant to section 201(a)(1) of the concurrent resolution on the budget for fiscal year 1997
- Public Law 106–102To enhance competition in the financial services industry by providing a prudential framework for the affiliation of banks, securities firms, insurance companies, and other financial service providers, and for other purposes
statute-compilations
Traces to 3 documents
6 references not yet in our index
- Pub. L. 91–607, title I, § 106(a)
- 84 Stat. 1766
- Pub. L. 106–102, title I, § 121(c)
- 113 Stat. 1380
- Pub. L. 106–102
- section 161 of Pub. L. 106–102
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§ 1971
Definitions
Fed. Reg.×9
U.S.C.×7
C.F.R.×6
Bills×4
Stat. Comp.×4
Stat.×2
Pub. L.Pub. L. 91–607, title I, § 106(a)
Stat.84 Stat. 1766
Pub. L.Pub. L. 106–102, title I, § 121(c)
Stat.113 Stat. 1380
Pub. L.Pub. L. 106–102
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