bank service company

(2) the term “bank service company” means— (A) any corporation— (i) which is organized to perform services authorized by this chapter; and (ii) all of the capital stock of which is owned by 1 or more insured depository institutions; and (B) any limited liability company— (i) which is organized to perform services authorized by this chapter; and (ii) all of the members of which are 1 or more insured depository institutions.

Source

12 USC § 1861(b)(2)


Scoping language

For the purpose of this chapter
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