minority institution

(1) Minority depository institution The term “minority institution” means a depository institution (as defined in section 1813(c) of this title )— (A) more than 50 percent of the ownership or control of which is held by 1 or more minority individuals; and (B) more than 50 percent of the net profit or loss of which accrues to 1 or more minority individuals.

Source

12 USC § 2907(b)(1)


Scoping language

For purposes of this section
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