Current through October 31, 2024
(a) In order to be a bank as defined in section 581, an institution must be a corporation for federal tax purposes. See § 301.7701-2(b) of this chapter for the definition of a corporation.(b) This section is effective as of January 1, 1997.T.D. 8697, 61 FR 66588, Dec. 18, 1996