11 U.S.C. § 781: Definitions
Where this section sits in the code
- Title 11—BANKRUPTCY
- CHAPTER 7—LIQUIDATION
For purposes of this subchapter, the following definitions shall apply:(1) Board.—The term “Board” means the Board of Governors of the Federal Reserve System. (2) Depository institution.—The term “depository institution” has the same meaning as in section 3 of the Federal Deposit Insurance Act. (3) Clearing bank.—The term “clearing bank” means an uninsured State member bank, or a corporation organized under section 25A of the Federal Reserve Act, which operates, or operates as, a multilateral clearing organization pursuant to section 409 of the Federal Deposit Insurance Corporation Improvement Act of 1991.
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