Edge corporation definition

Edge corporation means a corpora- tion that is organized under section
Sample 1Sample 2Sample 3
Edge corporation means a corpora-tion that is organized under section Comptroller of the Currency, Treasury § 28.11 25A of the FRA, 12 U.S.C. 611 through 631.
Sample 1Sample 2Sample 3
Edge corporation means a corpora-tion that is organized under section 25A of the FRA, 12 U.S.C. 611 through 631. § 28.11
Sample 1Sample 2

Examples of Edge corporation in a sentence

  • The staff report shall conclude whether the application complies with all applicable standards of this Ordinance and recommend one of the decisions authorized for the particular type of application, based on the review standards applicable to the application type, as set forth in Section 2.5, Application-Specific Review Procedures.

  • With the prior approval of the Board, a member bank or bank holding company may invest in a federally or state-chartered corporation that has entered into an agreement or under- taking with the Board that it will not exercise any power that is impermis- sible for an Edge corporation under this subpart.(2) Factors considered by Board.

  • Each Edge corporation and each agreement corporation shall, in accord- ance with the provisions of § 208.63 of the Board’s Regulation H, 12 CFR 208.63, develop and provide for the con- tinued administration of a program reasonably designed to assure and mon- itor compliance with the provisions of subchapter II of chapter 53 of title 31, United States Code, the Bank Secrecy Act, and the implementing regulations promulgated thereunder by the Depart- ment of the Treasury at 31 CFR part103.

  • A foreign bank (as defined in section 1(b)(7) of the International Banking Act of 1978), that: (i) operates a branch, agency, or commercial lending company subsidiary in the United States; (ii) controls a bank in the United States; or (iii) controls an Edge corporation acquired after March 5, 1987; and (2) any company of which the foreign bank is a subsidiary.

  • Examiners ap- pointed by the Board shall examine each Edge corporation once a year.

  • In reviewing a notice filed under this paragraph (e), the Board shall consider the factors set forth in paragraph (b)(4) of this section, and may disapprove a notice or impose any conditions that it finds necessary to assure the safe and sound operation of the Edge corporation, to assure the international character of its oper- ation, and to prevent adverse effects, such as decreased or unfair competi- tion, conflicts of interest, or undue concentration of resources.

  • 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.

  • Unexercised authority to commence business as an Edge corporation shall expire one year after issuance of the permit, unless the Board extends the period.

  • To require submission of a report of condition respecting any for- eign bank in which a member bank holds stock acquired under § 211.5(b) of Regulation K (12 CFR part 211) and sec- tion 25 of the Federal Reserve Act (12U.S.C. 602).(2) Edge corporation reports.

  • After the Board issues a permit, the Edge corporation may elect officers and otherwise complete its organiza- tion, invest in obligations of the U.S. government, and maintain deposits with depository institutions, but it may not exercise any other powers until at least 25 percent of the author- ized capital stock specified in the arti- cles of association has been paid in cash, and each shareholder has paid in cash at least 25 percent of that share- holder’s stock subscription.


More Definitions of Edge corporation

Edge corporation means a corpora- tion that is organized under section § 28.1125A of the FRA, 12 U.S.C. 611 through 631.
Sample 1Sample 2
Edge corporation means acorporation that is organized under section 25(a) of the FRA, 12 U.S.C. 611 through 631.
Sample 1Sample 2
Edge corporation means a corporation chartered by the Board under section 25A of the Federal Reserve Act to engage in international banking operations.
Sample 1

Related to Edge corporation

  • Alaska Native Corporation (ANC) means any Regional Corporation, Village Corporation, Urban Corporation, or Group Corporation organized under the laws of the State of Alaska in accordance with the Alaska Native Claims Settlement Act, as amended (43 U.S.C. 1601, et seq.) and which is considered a minority and economically disadvantaged concern under the criteria at 43 U.S.C. 1626(e)(1). This definition also includes ANC direct and indirect subsidiary corporations, joint ventures, and partnerships that meet the requirements of 43 U.S.C. 1626(e)(2).

  • Corporation Group means the Corporation, its affiliate, successors and permitted

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

  • Service corporation means a corporation organized under ss. 180.1903 to 180.1921.

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

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

  • Cooperative Corporation The entity that holds title (fee or an acceptable leasehold estate) to the real property and improvements constituting the Cooperative Property and which governs the Cooperative Property, which Cooperative Corporation must qualify as a Cooperative Housing Corporation under Section 216 of the Code.

  • close corporation means a close corporation within the meaning of the Close Corporations Act, 1984 (Act No. 69 of 1984);

  • 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.

  • Public corporation means a county, city, village, township, port district, drainage district, special assessment district, or metropolitan district of this state, or a board, commission, or another authority or agency created by or under an act of the legislature of this state.

  • 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.

  • Eligible Corporation means any domestic C corporation (as defined in section 1361(a)(2) of the Code) other than a corporation which is exempt from, or is not subject to, tax under section 11 of the Code, an entity described in section 851(a) or 856(a) of the Code, a REMIC; or an organization to which part I, subchapter T, chapter 1, subtitle A of the Code applies. The Term "Related Person" means any person that bears a relationship to the Transferee enumerated in section 267(b) or 707(b)(1) of the Code, using "20 percent" instead of "50 percent" where it appears under the provisions; or is under common control (within the meaning of section 52(a) and (b) of the Code) with the Transferee.

  • Amended and Restated Certificate of Incorporation means the Amended and Restated Certificate of Incorporation of the Company, as in effect as of the Effective Date.

  • Corporation means a corporation, association, company, joint-stock company or business trust.

  • Corporation/ Corpn./ Department means the Central Warehousing Corporation.

  • Delaware LLC means any limited liability company organized or formed under the laws of the State of Delaware.

  • Delaware Bank has the meaning specified in the preamble to this Trust Agreement.

  • Restated Certificate of Incorporation means the Restated Certificate of Incorporation of the Company, as amended.

  • Health care corporation means a health care corporation incorporated under the nonprofit health care corporation reform act, 1980 PA 350, MCL 550.1101 to 550.1704.

  • Foreign nonprofit corporation means an entity:

  • Delaware General Corporation Law means the Delaware General Corporation Law, 8 Del. C.ss.100, et. seq., as amended from time to time.

  • 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.

  • Municipal corporation means, in general terms, a status conferred upon a local government unit, by state law giving the unit certain autonomous operating authority such as the power of taxation, power of eminent domain, police power and regulatory power, and includes a joint economic development district or joint economic development zone that levies an income tax under section 715.691, 715.70, 715.71, or 715.74 of the Ohio Revised Code.

  • Participating Corporation means any Parent, Subsidiary or Affiliate that the Committee designates from time to time as eligible to participate in this Plan. For purposes of the Section 423 Component, only the Parent and Subsidiaries may be Participating Corporations, provided, however, that at any given time a Parent or Subsidiary that is a Participating Corporation under the Section 423 Component shall not be a Participating Corporation under the Non-Section 423 Component. The Committee may provide that any Participating Corporation shall only be eligible to participate in the Non-Section 423 Component.

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

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