Control means the power, directly or indirectly, to: 1. Direct or exercise a controlling influence over the management or policies of a depository institution or the election of a majority of the directors or trustees of an institution; or 2. Vote: (a) Twenty percent or more of any class of voting securities of a depository institution if exercised by a natural person; or (b) More than 10 percent of any class of voting securities of a depository institution if exercised by a person other than a natural person.
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