financial institution

(5)For purposes of this subsection, the term “financial institution” means any person who— (A)accepts deposits from the public in the ordinary course of such person’s trade or business, and is subject to Federal or State supervision as a financial institution, or (B)is a corporation described in section 585(a)(2).

Source

26 USC § 265(b)(5)


Scoping language

None: Default is title Scope
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