eligible commercial real property
Defined in 2 places of the United States Code.
The term “eligible commercial real property” means any property (i) to which the Corporation acquires title, and (ii) that the Corporation, in the discretion of the Corporation, determines is suitable for use for the location of offices or other administrative functions involved with carrying out a program referred to in paragraph (1)(B).
Source
- 1994–present12 U.S.C. § 1821Banks and Banking · Insurance Funds · in this section
The term “eligible commercial real property” means any property (I) to which the Corporation acquires title, and (II) that the Corporation, in the discretion of the Corporation, determines is suitable for use for the location of offices or other administrative functions involved with carrying out a program referred to in subparagraph (A)(ii).
Source
- 1994–present12 U.S.C. § 1441ABanks and Banking · Thrift Depositor Protection Oversight Board and Resolution Trust Corporation · under this section