minority-owned business

(5) Minority-owned business The term “minority-owned business” means a business— (A) more than 50 percent of the ownership or control of which is held by 1 or more minority individuals; and (B) more than 50 percent of the net profit or loss of which accrues to 1 or more minority individuals.

Source

15 USC § 1691c-2(h)(5)


Scoping language

None identified. Default scope is assumed to be the entire title.
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