group of persons

Defined in 1 dictionary — U.S. Code

United States Code

12 U.S.C. § 1817 — under this section (9 versions over time)

The term “group of persons” includes any number of persons that the foreign bank or any affiliate thereof reasonably believes—

(I) are acting together, in concert, or with one another to acquire or control shares of the same insured depository institution, including an acquisition of shares of the same insured depository institution at approximately the same time under substantially the same terms; or

(II) have made, or propose to make, a joint filing under section 78m of title 15 regarding ownership of the shares of the same insured depository institution.