### Question
Can you define what controlling interest means?


### Answer
**Controlling interest** is defined as the following in *12 U.S.C. § 4703a*:

> owning, controlling, or holding not less than 20 percent, by vote or value, of the outstanding amount of any class of equity interest in an entity

#### Citation:
  - *12 U.S.C. § 4703a*
  - Heading: **CHAPTER 47-COMMUNITY DEVELOPMENT BANKING > SUBCHAPTER I-COMMUNITY DEVELOPMENT BANKING AND FINANCIAL INSTITUTIONS**

