{"data":{"id":"us/26-cfr-1.581-1","jurisdiction":"us","citation":"26 CFR 1.581-1","heading":"-1 Banks.","body":"(a) In order to be a bank as defined in section 581, an institution must be a corporation for federal tax purposes. See § 301.7701-2(b) of this chapter for the definition of a corporation.\n(b) This section is effective as of January 1, 1997.","path":["Title 26—Internal Revenue","CHAPTER I—INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY","SUBCHAPTER A—INCOME TAX","PART 1—INCOME TAXES"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-26.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:11Z","sha256":"68c9abd149f2e72ac4dfa72f650f6d154a4bc61cbb6571f9d8e7311d9257cff8","source_id":"us-cfr","stale":true,"prev":"us/26-cfr-1.565-6","next":"us/26-cfr-1.581-2"},"notice":"GroundRules: Original legal text. Not legal advice."}