View all text of Chapter 30 [§ 2901 - § 2908]
§ 2907. Operation of branch facilities by minorities and women
(a) In general
(b) Definitions
For purposes of this section—
(1) Minority depository institution
The term “minority institution” 1
1 So in original. Probably should be “minority depository institution”.
means a depository institution (as defined in section 1813(c) of this title)—(A) more than 50 percent of the ownership or control of which is held by 1 or more minority individuals; and
(B) more than 50 percent of the net profit or loss of which accrues to 1 or more minority individuals.
(2) Women’s depository institution
The term “women’s depository institution” means a depository institution (as defined in section 1813(c) of this title)—
(A) more than 50 percent of the ownership or control of which is held by 1 or more women;
(B) more than 50 percent of the net profit or loss of which accrues to 1 or more women; and
(C) a significant percentage of senior management positions of which are held by women.
(3) Minority
(Pub. L. 95–128, title VIII, § 808, as added Pub. L. 102–233, title IV, § 402(b), Dec. 12, 1991, 105 Stat. 1775; amended Pub. L. 102–550, title IX, § 909(2), Oct. 28, 1992, 106 Stat. 3874.)