section 1841 of this titlesection 1841 of this titlesection 24a(a) of this titleAs used in this chapter, the terms “bank”, “bank holding company”, “subsidiary”, and “Board” have the meaning ascribed to such terms in . For purposes of this chapter only, the term “company”, as used in , means any person, estate, trust, partnership, corporation, association, or similar organization, but does not include any corporation the majority of the shares of which are owned by the United States or by any State. The term “trust service” means any service customarily performed by a bank trust department. For purposes of this chapter, a financial subsidiary of a national bank engaging in activities pursuant to shall be deemed to be a subsidiary of a bank holding company, and not a subsidiary of a bank.
Pub. L. 91–607, title I, § 106(a)84 Stat. 1766Pub. L. 106–102, title I, § 121(c)113 Stat. 1380(, , ; , , .)
Editorial Notes
Amendments
Pub. L. 106–102section 24a(a) of this title1999— inserted at end “For purposes of this chapter, a financial subsidiary of a national bank engaging in activities pursuant to shall be deemed to be a subsidiary of a bank holding company, and not a subsidiary of a bank.”
Statutory Notes and Related Subsidiaries
Effective Date of 1999 Amendment
Pub. L. 106–102section 161 of Pub. L. 106–102section 24 of this titleAmendment by effective 120 days after , see , set out as a note under .