### Question
How does the law define affiliate?


### Answer
Under *12 U.S.C. § 371c*, **affiliate** is defined as:

> given to such term in section 371c of this title (but does not include any company described in section [1](#371c-1_1_target) (b)(2) of such section or any bank);

#### Citation:
  - *12 U.S.C. § 371c*
  - Heading: **CHAPTER 2-NATIONAL BANKS > SUBCHAPTER X-POWERS AND DUTIES OF MEMBER BANKS**

