Code of Federal Regulations (Last Updated: April 5, 2024) |
Title 26 - Internal Revenue |
Chapter I - Internal Revenue Service, Department of the Treasury |
SubChapter A - Income Tax |
Part 1 - Income Taxes |
Banking Institutions |
§ 1.581-1 - Banks.
Latest version.
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§ 1.581-1 Banks.
(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.
[T.D. 8697, 61 FR 66588, Dec. 18, 1996]