12 CFR 561.45 - Service corporation.

The term service corporation means any corporation, the majority of the capital stock of which is owned by one or more savings associations and which engages, directly or indirectly, in any activities similar to activities which may be engaged in by a service corporation in which a Federal savings association may invest under part 559 of this chapter.

[ 54 FR 49545, Nov. 30, 1989, as amended at 62 FR 66262, Dec. 18, 1997]

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United States Code