Control means the power, directly or indirectly, to direct the management or policies of a company or to vote 25 percent or more of any class of voting securities of a company, and includes the rebuttable presumptions of control at 303.82(1) of this chapter and of acting in concert at 303.82(b)(2) of this chapter. For purposes of this part, the presumptions set forth in 303.82(b)(1) and (2) of this chapter shall apply with respect to any company in the same manner and to the same extent as if they applied to an acquisition of securities of the company.


12 CFR § 354.2

Scoping language

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