[Code of Federal Regulations] [Title 12, Volume 5] [Revised as of January 1, 2005] From the U.S. Government Printing Office via GPO Access [CITE: 12CFR541.15] [Page 93] TITLE 12--BANKS AND BANKING CHAPTER V--OFFICE OF THRIFT SUPERVISION, DEPARTMENT OF THE TREASURY PART 541_DEFINITIONS FOR REGULATIONS AFFECTING FEDERAL SAVINGS ASSOCIATIONS--Table of Contents Sec. 541.15 Improved nonresidential real estate. The term improved nonresidential real estate means nonresidential real estate: (a) Containing a permanent structure(s) constituting at least 25 percent of its value; or (b) Containing improvements which make it usable by a business or industrial enterprise; or (c) Used, or to be used within a reasonable time, for commercial farming, excluding hobby and vacation property. [[Page 94]]