§ 338.6 - Definitions applicable to this subpart B.

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For purposes of this subpart B—

Bank means an insured state nonmember bank as defined in section 3 of the Federal Deposit Insurance Act.

Controlled entity means a corporation, partnership, association, or other business entity with respect to which a bank possesses, directly or indirectly, the power to direct or cause the direction of management and policies, whether through the ownership of voting securities, by contract, or otherwise.