26 CFR 1.581-1

§ 1.581-1 Banks.

United States · 26 CFR — Internal Revenue · Status: effective

Cite this

Citation: 26 CFR 1.581-1, § 1.581-1 Banks, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/110463
Permanent ID: ys:prov:110463@1
SHA-256: 61ecdd8dc2f99027bf57dd7e68cbbc252a299acf1d8ec0546d457cc9c990779c

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Full text

(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. (b) This section is effective as of January 1, 1997.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.