§54C-200. Definitions

As used in this Article, unless the context clearly requires otherwise, the following definitions apply:

(1)        Repealed by Session Laws 2004-203, s. 35(b), effective August 17, 2004.

(2)        "Branch" means a full service office of a savings bank through which it renders a savings bank service other than its principal office. A savings bank may engage in any authorized function or service through an authorized branch office.

(3)        "Commission" means the State Banking Commission.

(4)        "Home state" means (i) as to a state-chartered savings bank, the state which granted the savings bank its charter, and (ii) as to a federal savings bank, the state in which the savings bank has its principal office.

(5)        "Out-of-state" savings bank means a savings bank granted a charter by any state other than this State and whose principal office is not located in this State.

(6)        "Savings bank" means a state savings bank or a federal savings bank, unless limited by use of the words "State" or "federal".

(7)        "State savings bank" means a depository institution chartered under the laws of this State.

(8)        "Supervisor" means the state savings bank supervisor or equivalent state official having primary regulatory authority over an out-of-state savings bank.

(1993, c. 191, s. 3; 2001-193, ss. 16, 17; 2004-203, s. 35(b).)