affiliate

The term affiliate of a savings association, unless otherwise defined, means any corporation, business trust, association, or other similar organization:

(b) Of which control is held, directly or indirectly through stock ownership or in any other manner, by the shareholders of a savings association who own or control either a majority of the shares of such savings association or more than 50 per centum of the number of shares voted for the election of directors of such savings association at the preceding election, or by trustees for the benefit of the shareholders of any such savings association; or

Source

12 CFR § 161.4


Scoping language

None
Is this correct? or