### Question
How is the term cooperative bank defined?


### Answer
The term **cooperative bank** is defined in *26 U.S.C. § 7701* as the following:

> an institution without capital stock organized and operated for mutual purposes and without profit, which—


(A) either—


(i) is an insured institution within the meaning of section 401(a) [2](#7701_2_target) of the National Housing Act (12 U.S.C., sec

#### Citation:
  - *26 U.S.C. § 7701*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 79-DEFINITIONS**

