depository institution

(A)The term “depository institution” means— (i)any insured bank as defined in section 3 of the Federal Deposit Insurance Act [12 U.S.C. 1813] or any bank which is eligible to make application to become an insured bank under section 5 of such Act [12 U.S.C. 1815]; (ii)any mutual savings bank as defined in section 3 of the Federal Deposit Insurance Act or any bank which is eligible to make application to become an insured bank under section 5 of such Act; (iii)any savings bank as defined in section 3 of the Federal Deposit Insurance Act or any bank which is eligible to make application to become an insured bank under section 5 of such Act; (iv)any insured credit union as defined insection 1752 of this titleor any credit union which is eligible to make application to become an insured credit union pursuant tosection 1781 of this title; (v)any member as defined insection 1422 of this title; (vi)any savings association (as defined in section 3 of the Federal Deposit Insurance Act [12 U.S.C. 1813]) which is an insured depository institution (as defined in such Act [12 U.S.C. 1811et seq.]) or is eligible to apply to become an insured depository institution under the Federal Deposit Insurance Act; and (vii)for the purpose of, any association or entity which is wholly owned by or which consists only of institutions referred to in clauses (i) through (vi).

Source

12 USC § 461(b)(1)(A)


Scoping language

None: Default is title Scope
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