eligible borrower stock

(2)The term “eligible borrower stock” means borrower stock that— (A)is outstanding on; (B)is issued or allocated after, but prior to the earlier of— (i)in the case of each bank and association, the date of approval, by the stockholders of such bank or association, of the capitalization requirements of the institution in accordance withsection 2154a of this title; or (ii)the date that is 9 months after; (C)was, after, but before, frozen by an institution that was placed in liquidation; or (D)was retired at less than par value by an institution that was placed in liquidation after, but before.

Source

12 USC § 2162(d)(2)


Scoping language

For purposes of this section
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