12 CFR § 1263.7 - Duly organized requirement.
---
identifier: "/us/cfr/t12/s1263.7"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1263.7 - Duly organized requirement."
title_number: 12
title_name: "Banks and Banking"
section_number: "1263.7"
section_name: "Duly organized requirement."
chapter_name: "FEDERAL HOUSING FINANCE AGENCY"
subchapter_number: "D"
subchapter_name: "FEDERAL HOME LOAN BANKS"
part_number: "1263"
part_name: "MEMBERS OF THE BANKS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1422, 1423, 1424, 1426, 1430, 1442, 4511, 4513."
regulatory_source: "81 FR 3277, Jan. 20, 2016, unless otherwise noted."
cfr_part: "1263"
---
# 1263.7 Duly organized requirement.
An applicant shall be deemed to be duly organized, as required by section 4(a)(1)(A) of the Bank Act (12 U.S.C. 1424(a)(1)(A)) and § 1263.6(a)(1), if it is chartered by a State or federal agency as a building and loan association, savings and loan association, cooperative bank, homestead association, insurance company, savings bank, or insured depository institution or, in the case of a CDFI applicant, is incorporated under State or tribal law.