charitable purposes

(2) When performed by such nonprofit corporation, the functions described in subsection (b)(3)(A) shall be deemed to be performed for “charitable purposes” within the meaning of section 501(c)(3) of title 26 .


12 USC § 3051(c)(2)

Scoping language

None identified, default scope is assumed to be the parent (subchapter II) of this section.
Is this correct? or