12 U.S.C. § 901

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For purposes of this title enacting this provision—“(1) the term ‘domestic financial institution’ means any bank, mutual savings bank, or savings and loan association organized under the laws of any State or of the United States;“(2) the term ‘foreign person’ means any foreign organization or any individual resident in a foreign country or any organization or individual owned or controlled by such an organization or individual; and“(3) the term ‘takeover’ means any acquisition of the stock or assets of any domestic financial institution if, after such acquisition, the amount of stock or assets held is 5 per centum or more of the institution’s stock or assets.

Notes of Decisions

Cited in 1 case, 1961–1961 · leading case: Federal Land Bank of Wichita v. Board of County Commissioners

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Federal Land Bank of Wichita v. Board of County Commissioners (1961) scotus · cites it 2× “360 , §23, now 12 U. S. C. §901 et seq.; S. Rep. No. 144, 64th Cong.”

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