Sec. 4. (a) Except as provided in subsection (b), as used in this chapter, “bank” has the meaning set forth in
12 U.S.C. § 1813(h).
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Terms Used In Indiana Code 28-2-18-4
- bank: has the meaning set forth in Indiana Code 28-2-18-4
- 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.
- United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
(b) Except as provided in subsection (c), the term “bank” does not include any foreign bank (as defined in 12 U.S.C. § 3101(7)).
(c) The term “bank” includes any foreign bank organized or reorganized under the laws of a territory of the United States, Puerto Rico, Guam, American Samoa, or the Virgin Islands, the deposits of which are insured by the Federal Deposit Insurance Corporation.
As added by P.L.171-1996, SEC.37.