subsidiary

(8) As used in this subsection— (A) the term “in-State depository institution or in-State holding company” means an existing insured depository institution currently operating in the State in which the bank in default or the bank in danger of default is chartered or a company that is operating an insured depository institution subsidiary in the State in which the bank in default or the bank in danger of default is chartered; (B) the term “acquire” means to acquire, directly or indirectly, ownership or control through— (i) an acquisition of shares; (ii) an acquisition of assets or assumption of liabilities; (iii) a merger or consolidation; or (iv) any similar transaction; (C) the term “affiliated insured bank” means— (i) when used in connection with a reference to a holding company, an insured bank which is a subsidiary of such holding company; and (ii) when used in connection with a reference to 2 or more insured banks, insured banks which are subsidiaries of the same holding company; and (D) the term “subsidiary” has the meaning given to such term in section 1841(d) of this title .

Source

12 USC § 1823(f)(8)


Scoping language

As used in this subsection
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