Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 12 - Banks and Banking |
Chapter VI - Farm Credit Administration |
SubChapter A - Administrative Provisions |
Part 1507 - MINORITY AND WOMEN CONTRACTING OUTREACH PROGRAM |
§ 1507.2 - Definitions.
Latest version.
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For the purposes of this part:
(a)
Board means the Oversight Board.(b)
Minority means any Black American, Native American, Hispanic American, or Asian American.(c)
Minority/women owned business orM/WOB orM/WOB firm means a firm that is at least fifty-one percent (51%) owned and controlled by one or more minority persons and/or women. If the firm is a publicly owned company, minority persons and/or women must own and control at least fifty-one percent (51%) of the firm's voting stock, and the management and daily business operations of the firm must be controlled by one or more minority persons or women.(d)
Other firm means a firm that is not a minority/women owned business.