Terms Used In West Virginia Code > Chapter 31A > Article 8D - Interstate Branching by Bank Mergers

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Bank: has the meaning set forth in 12 U. See West Virginia Code 31A-8D-2
• Bank holding company: has the meaning set forth in 12 U. See West Virginia Code 31A-8D-2
• Bank supervisory agency: means :

  (1) Any agency of another state with primary responsibility for chartering and supervising banks. See West Virginia Code 31A-8D-2

• Board: means the West Virginia Board of Banking and Financial Institutions. See West Virginia Code 31A-1-2
• branch bank: has the meaning set forth in subsection (f), section two, article one of this chapter. See West Virginia Code 31A-8D-2
• Commissioner: means the West Virginia commissioner of banking then in office and, where appropriate, all of his or her successors and predecessors in office. See West Virginia Code 31A-8D-2
• Contract: A legal written agreement that becomes binding when signed.
• Control: shall be construed consistently with the provisions of 12 U. See West Virginia Code 31A-8D-2
• 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.
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• 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}
• Home state: means :

  (1) With respect to a state bank, the state by which the bank is chartered. See West Virginia Code 31A-8D-2

• Home state regulator: means , with respect to an out-of-state state bank, the bank supervisory agency of the state in which such bank is chartered. See West Virginia Code 31A-8D-2
• Host state: means a state, other than the home state of a bank, in which the bank maintains, or seeks to establish and maintain, a branch. See West Virginia Code 31A-8D-2
• in writing: includes any representation of words, letters, or figures, whether by printing, engraving, writing, or otherwise. See West Virginia Code 2-2-10
• Insured depository institution: has the meaning set forth in 12 U. See West Virginia Code 31A-8D-2
• 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. See West Virginia Code 31A-8D-2

• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Laws of the state: includes the Constitution of the State of West Virginia and the Constitution of the United States, and treaties and laws made in pursuance thereof. See West Virginia Code 2-2-10
• 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 bank: means a bank whose home state is a state other than West Virginia. See West Virginia Code 31A-8D-2
• Out-of-state state bank: means a bank chartered under the laws of any state other than West Virginia. See West Virginia Code 31A-8D-2
• Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
• Resulting bank: means a bank that has resulted from an interstate merger transaction under this article. See West Virginia Code 31A-8D-2
• State: means any state of the United States, the District of Columbia, any territory of the United States, Puerto . See West Virginia Code 31A-8D-2
• West Virginia bank: means a bank whose home state is West Virginia. See West Virginia Code 31A-8D-2
• West Virginia state bank: means a bank chartered under the laws of West Virginia. See West Virginia Code 31A-8D-2