Agreement corporation definition

Agreement corporation means a cor- poration having an agreement or un- dertaking with the FRB under section25 of the FRA, 12 U.S.C. 601 through 604a.
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Agreement corporation means a corporation having an agreement orundertaking with the FRB under section 25 of the FRA, 12 U.S.C. 601 through604a.
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Agreement corporation means the Corporation as herein before defined and any successor to its business and/or assets as aforesaid which executes and delivers the agreement provided for in this Section 12 or which otherwise becomes bound by all the terms and provisions of this Agreement by operation of law.
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Examples of Agreement corporation in a sentence

  • The establishing entity may be a U.S. depository institution, a U.S. office of an Edge or Agreement corporation, or a U.S. branch or agency of a foreign bank pursuant to Federal Reserve Regulations D and Q.

  • The establishing entity may be a U.S. depository institution, a U.S. office of an Edge or Agreement corporation, or a U.S. branch or agency of a foreign bank pursuant to Federal Reserve Regulation D.

  • For purposes of this part, the obli- gations of a majority-owned (50 percent or more) U.S. subsidiary (except an Edge or Agreement corporation) of a depository institution shall be re- garded as obligations of the parent de- pository institution.

  • Every depository institution, U.S. branch or agency of a foreign bank, and Edge or Agreement corporation shall file a report of deposits (or any other form or statement that may be re- quired by the Board or by a Federal Re- serve Bank) with the Federal Reserve Bank in the Federal Reserve District in which it is located, regardless of the manner in which it chooses to main- tain required reserve balances.

  • An affiliated bank or Edge or Agreement corporation operates one or more foreign branches or foreign bank subsidiaries.

  • Every Edge and/or Agreement corporation that has total outstanding claims on residents of foreign coun- tries exceeding $30 million, unless it is majority- owned by a bank that must file the Country Exposure Report on a consolidated basis as specified in item 1.The bank regulatory authorities may specifically require the report (schedules 1 and/or 2) to be filed by other banking organizations that the authorities deem to have large country exposures relative to their capital funds.

  • The stock is being acquired from the parent bank or bank holding com- pany, or subsidiary Edge or Agreement corporation, as the case may be, and the selling parent or subsidiary holds the stock with the consent of the Board pursuant to Regulations K and Y (12 CFR parts 211 and 225).(3) Investments in Edge and Agreement Corporations.

  • To re- quire submission and publication of re- ports by an Edge corporation under section 25A of the Federal Reserve Act (12 U.S.C. 625).(3) Capital stock of Edge corporation; articles of association; additional invest- ments in Agreement corporation.

  • To extend the time within which an Edge or Agreement corporation, member bank, or a bank holding company may accomplish a purchase of stock if no material change has occurred in the general condition of the corporation, the member bank, or bank holding company since such authorization under sections 25 or 25A of the Federal Reserve Act or section 4(c)(13) of the Bank Holding Company Act (12 U.S.C. 615, 628, 1843).)(14) Federal Reserve Membership.

  • Every Edge and/or Agreement corporation that has total outstanding claims on residents of foreign countries exceeding $30 million, unless it is majority owned by a bank that is required to file a report.


More Definitions of Agreement corporation

Agreement corporation means a corporation that is chartered by a state to engage in international banking operations and that has an agreement or undertaking with the Board under section 25 of the Federal Reserve Act.
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Agreement corporation means a corporation which has altered into an agreement or undertaking in accordance with the provisions of 12 U.S.C. 603.
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Related to Agreement corporation

  • Family farm corporation means a corporation founded for the purpose of farming agricultural land in which the majority of the voting stock is held by and the majority of the stockholders are persons or the spouse of persons related to each other within the fourth degree of kinship, according to the rules of the civil law, and at least one of the related persons is residing on or actively operating the farm, and none of whose stockholders are a corporation. A family farm corporation does not cease to qualify under this division where, by reason of any devise, bequest, or the operation of the laws of descent or distribution, the ownership of shares of voting stock is transferred to another person, as long as that person is within the degree of kinship stipulated in this division.

  • Next Michigan development corporation means that term as defined in section 3 of the next Michigan development act, 2010 PA 275, MCL 125.2953.

  • Constituent corporation means any corporation which engages with the Company, its Parent or any Subsidiary in a transaction to which Section 424(a) of the Code applies (or would apply if the option assumed or substituted were an ISO), or any Parent or any Subsidiary of such corporation.

  • Nonprofit corporation means a nonstock corporation organized under ch. 181 that is a nonprofit corporation, as defined in s. 181.0103 (17).

  • Michigan economic development corporation means the public body corporate created under section 28 of article VII of the state constitution of 1963 and the urban cooperation act of 1967, 1967 (Ex Sess) PA 7, MCL 124.501 to 124.512, by a contractual interlocal agreement effective April 5, 1999, as amended, between local participating economic development corporations formed under the economic development corporations act, 1974 PA 338, MCL 125.1601 to 125.1636, and the Michigan strategic fund. If the Michigan economic development corporation is unable for any reason to perform its duties under this act, those duties may be exercised by the Michigan strategic fund.

  • Gas Corporation means the body corporate established by section 4 of the Gas Corporation Act 1994;

  • Parent Corporation means any present or future “parent corporation” of the Company, as defined in Section 424(e) of the Code.

  • Foreign nonprofit corporation means an entity:

  • Mutual housing corporation means a corporation not-for-profit,

  • Asset Management Company means an asset Management Company as defined in the Rules and Regulations.

  • Condominium Corporation means a condominium or strata corporation established under provincial legislation.

  • Owners Corporation means the Owners’ corporation of the Lot and the Development incorporated and registered under the Building Management Ordinance (Cap.344);

  • Constituent Corporations has the meaning set forth in the second recital of this Agreement.

  • of a corporation means all classes of Capital Stock of such corporation then outstanding and normally entitled to vote in the election of directors.

  • Mutual holding company means that term as defined in section 10(o) of the home owners' loan act, chapter 64, titles III and IX of Public Law 101-73, 12 U.S.C. 1467a, and OTS regulations governing mutual holding companies.

  • Leasing company means that term as defined in 49 USC 14504a.

  • S corporation means a person that has made an election under subchapter S of Chapter 1 of Subtitle A of the Internal Revenue Code for its taxable year.

  • Subchapter S Corporation (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of stock of Borrower, or (d) purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

  • Affiliated group of corporations means an affiliated group as defined in section 1504 of the Internal Revenue Code, except that, if such a group includes at least one incumbent local exchange carrier that is primarily engaged in the business of providing local exchange telephone service in this state, the affiliated group shall not include any incumbent local exchange carrier that would otherwise be included in the group.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) replaced by The Companies Act, 2013 (No. 18 of 2013) and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund;

  • Domestic Corporation means an entity that is treated as a corporation for United States federal income tax purposes and is a U.S. Tax Person.

  • UCITS management company means a management company as defined in Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS)1;

  • Mutual benefit corporation means a nonprofit corporation:

  • School Corporation means the Western Xxxxx County Community School Corporation of the County of Xxxxx of the State of Indiana;

  • Controlled group of corporations has the meaning set forth in Code Section 1563.

  • Subsidiary Corporation means any present or future “subsidiary corporation” of the Company, as defined in Section 424(f) of the Code.