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Current as of January 01, 2024 | Updated by Findlaw Staff
For purposes of this subchapter, the following definitions shall apply:
(1) Board.--The term “Board” means the Board of Governors of the Federal Reserve System.
(2) Depository institution.--The term “depository institution” has the same meaning as in section 3 of the Federal Deposit Insurance Act.
(3) Clearing bank.--The term “clearing bank” means an uninsured State member bank, or a corporation organized under section 25A of the Federal Reserve Act, which operates, or operates as, a multilateral clearing organization pursuant to section 409 1 of the Federal Deposit Insurance Corporation Improvement Act of 1991.
Cite this article: FindLaw.com - 11 U.S.C. § 781 - U.S. Code - Unannotated Title 11. Bankruptcy § 781. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/us/title-11-bankruptcy/11-usc-sect-781/
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