SECTION 901—Definitions
For purposes of this title—
(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.
[12 USC 3101 note.]
