### Question
How does the law define bank service corporation?


### Answer
Under *12 U.S.C. § 1861*, **bank service corporation** is defined as:

> a corporation organized to perform services authorized by this chapter, all of the capital stock of which is owned by one or more insured banks

#### Citation:
  - *12 U.S.C. § 1861*
  - Heading: **CHAPTER 18-BANK SERVICE CORPORATIONS**

