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CFR › Title 12 › Chapter III › Subchapter B › Part 347 › Section 347.107

12 CFR 347.107 - Joint ventures.

§ 347.107
Joint ventures.
(a) Joint ventures. If a bank, directly or indirectly, acquires or holds an equity interest in a foreign organization that is a joint venture, and the bank or its affiliates do not control the foreign organization, no more than 10 percent of either the consolidated assets or revenues of the foreign organization may be attributable to activities that are not permissible under § 347.105(b).
(b) Joint venture defined. For purposes of this section, the term “joint venture” means any organization in which 20 percent or more but not in excess of 50 percent of the voting equity interests, in the aggregate, are directly or indirectly held by a bank or its affiliates.

Title 12 published on 2013-01-01

no entries appear in the Federal Register after this date.

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

United States Code
USC : Title 12 - BANKS AND BANKING

§ 1813 - Definitions

§ 1815 - Deposit insurance

§ 1817 - Assessments

§ 1819 - Corporate powers

§ 1820 - Administration of Corporation

§ 1828 - Regulations governing insured depository institutions

§ 3103 - Interstate banking by foreign banks

§ 3104 - Insurance of deposits

§ 3105 - Authority of Federal Reserve System

§ 3108 - Regulation and enforcement

§ 3109 - Cooperation with foreign supervisors

Statutes at Large

97 Stat. 1153