{"identifier":"/us/usc/t12/s1971","title_num":"12","num":"§ 1971.","heading":"Definitions","status":null,"guid":"idcf7b19bf-b211-11e9-9e08-c54bc916790e","source_credit":"(Pub. L. 91–607, title I, § 106(a), Dec. 31, 1970, 84 Stat. 1766; Pub. L. 106–102, title I, § 121(c), Nov. 12, 1999, 113 Stat. 1380.)","seq_in_title":1060,"parent_identifier":"/us/usc/t12/ch22","ancestors":[{"identifier":"/us/usc/t12","level":"title","num":"Title 12—","heading":"BANKS AND BANKING","status":null,"is_section":false},{"identifier":"/us/usc/t12/ch22","level":"chapter","num":"CHAPTER 22—","heading":"TYING ARRANGEMENTS","status":null,"is_section":false}],"xml":"<section xmlns=\"http://xml.house.gov/schemas/uslm/1.0\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\" xmlns:dc=\"http://purl.org/dc/elements/1.1/\" xmlns:dcterms=\"http://purl.org/dc/terms/\" style=\"-uslm-lc:I80\" id=\"idcf7b19bf-b211-11e9-9e08-c54bc916790e\" identifier=\"/us/usc/t12/s1971\"><num value=\"1971\">§ 1971.</num><heading> Definitions</heading><content>\n<p style=\"-uslm-lc:I11\" class=\"indent0\">As used in this chapter, the terms “bank”, “bank holding company”, “subsidiary”, and “Board” have the meaning ascribed to such terms in <ref href=\"/us/usc/t12/s1841\">section 1841 of this title</ref>. For purposes of this chapter only, the term “company”, as used in <ref href=\"/us/usc/t12/s1841\">section 1841 of this title</ref>, 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 <ref href=\"/us/usc/t12/s24a/a\">section 24a(a) of this title</ref> shall be deemed to be a subsidiary of a bank holding company, and not a subsidiary of a bank.</p>\n</content><sourceCredit id=\"idcf7b40d0-b211-11e9-9e08-c54bc916790e\">(<ref href=\"/us/pl/91/607/tI/s106/a\">Pub. L. 91–607, title I, § 106(a)</ref>, <date date=\"1970-12-31\">Dec. 31, 1970</date>, <ref href=\"/us/stat/84/1766\">84 Stat. 1766</ref>; <ref href=\"/us/pl/106/102/tI/s121/c\">Pub. L. 106–102, title I, § 121(c)</ref>, <date date=\"1999-11-12\">Nov. 12, 1999</date>, <ref href=\"/us/stat/113/1380\">113 Stat. 1380</ref>.)</sourceCredit>\n<notes type=\"uscNote\" id=\"idcf7b40d1-b211-11e9-9e08-c54bc916790e\">\n<note style=\"-uslm-lc:I74\" topic=\"amendments\" id=\"idcf7b40d2-b211-11e9-9e08-c54bc916790e\"><heading class=\"centered smallCaps\">Amendments</heading><p style=\"-uslm-lc:I21\" class=\"indent0\">1999—<ref href=\"/us/pl/106/102\">Pub. L. 106–102</ref> inserted at end “For purposes of this chapter, a financial subsidiary of a national bank engaging in activities pursuant to <ref href=\"/us/usc/t12/s24a/a\">section 24a(a) of this title</ref> shall be deemed to be a subsidiary of a bank holding company, and not a subsidiary of a bank.”</p>\n</note>\n<note style=\"-uslm-lc:I74\" topic=\"effectiveDateOfAmendment\" id=\"idcf7b40d3-b211-11e9-9e08-c54bc916790e\"><heading class=\"centered smallCaps\">Effective Date of 1999 Amendment</heading><p style=\"-uslm-lc:I21\" class=\"indent0\">Amendment by <ref href=\"/us/pl/106/102\">Pub. L. 106–102</ref> effective 120 days after <date date=\"1999-11-12\">Nov. 12, 1999</date>, see <ref href=\"/us/pl/106/102/s161\">section 161 of Pub. L. 106–102</ref>, set out as a note under <ref href=\"/us/usc/t12/s24\">section 24 of this title</ref>.</p>\n</note>\n</notes>\n</section>","provision":null,"duplicates":[],"release":{"label":"116-33","currency_date":"2019-07-25","congress":116,"law_num":33,"excluded_laws":[],"update_num":null,"seq":178,"is_partial":false,"caveat":null,"titles_affected":["12","18","26","28","34","38","40","44"],"ingested_titles":[]},"served_from":{"label":"116-33","currency_date":"2019-07-25","congress":116,"law_num":33,"excluded_laws":[],"update_num":null,"seq":178,"is_partial":false,"caveat":null,"titles_affected":["12","18","26","28","34","38","40","44"],"ingested_titles":[]},"content_first_seen":{"label":"116-33","currency_date":"2019-07-25","congress":116,"law_num":33,"excluded_laws":[],"update_num":null,"seq":178,"is_partial":false,"caveat":null,"titles_affected":["12","18","26","28","34","38","40","44"],"ingested_titles":[]},"is_exact":true,"note":null}