Alabama Code 5-13B-21. Definitions
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As used in this article, unless a different meaning is required by the context, the following words and phrases shall have the following meanings:
Terms Used In Alabama Code 5-13B-21
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Bank holding company: has the meaning set forth in 12 U. See Alabama Code 5-13B-21
- Bank supervisory agency: means :
(1) The Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and any successor to these agencies; and (2) Any agency of another state with primary responsibility for chartering and supervising banks. See Alabama Code 5-13B-21 - Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
- Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
- following: means next after. See Alabama Code 1-1-1
- Home state: means :
(1) With respect to a national bank, the state in which the main office of the bank is located; (2) With respect to a state bank, the state by which the bank is chartered; (3) With respect to a foreign bank, the state determined to be the home state of such foreign bank under 12 U. See Alabama Code 5-13B-21 - Interstate merger transaction: means :
(1) The merger or consolidation of banks with different home states, and the conversion of branches of any bank involved in the merger or consolidation into branches of the resulting bank; or (2) The purchase of all or substantially all of the assets, including all or substantially all of the branches, of a bank whose home state is different from the home state of the acquiring bank. See Alabama Code 5-13B-21 - National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
- Out-of-state state bank: means a bank chartered under the laws of any state other than Alabama. See Alabama Code 5-13B-21
- Resulting bank: means a bank that has resulted from an interstate merger transaction under this article. See Alabama Code 5-13B-21
- State: means any state, territory, or other possession of the United States, including the District of Columbia. See Alabama Code 5-13B-21
- Superintendent: means the Superintendent of Banks then in office and, where appropriate, all of his or her successors and predecessors in office. See Alabama Code 5-13B-21
- United States: includes the territories thereof and the District of Columbia. See Alabama Code 1-1-1