12 CFR § 338.6 - Definitions applicable to this subpart B.

§ 338.6 Definitions applicable to this subpart B.

For purposes of this subpart B -

(a)Bank means an insured state nonmember bank as defined in section 3 of the Federal Deposit Insurance Act.

(b)Controlled entity means a corporation, partnership, association, or other business entity with respect to which a bank possesses, directly or indirectly, the power to direct or cause the direction of management and policies, whether through the ownership of voting securities, by contract, or otherwise.

[62 FR 36204, July 7, 1997]