minority 15 institution
Defined in 1 place of the United States Code.
The term “minority 15 institution” means a depository institution (as defined in section 1813(c) of this title)—
(i) more than 50 percent of the ownership or control of which is held by 1 or more minority individuals; and
(ii) more than 50 percent of the net profit or loss of which accrues to 1 or more minority individuals.
Source
- 2000–present12 U.S.C. § 1441ABanks and Banking · Thrift Depositor Protection Oversight Board and Resolution Trust Corporation · under this section