12 U.S.C. § 2502 — Definitions
submitted 52 years ago by Pub. L. 93-495 to r/title-12-BANKS-AND-BANKING · 83 words · no verdicts yet
This section defines three types of organizations covered by this chapter.
(1) “Banking organization” means a bank, trust company, savings bank, safe deposit company, or private banker doing business in the United States. (2) “Business association” means a nonpublic corporation, joint-stock company, business trust, partnership, or business association of two or more people. (3) “Financial organization” means a savings and loan association, building and loan association, credit* union, or investment company doing business in the United States.
As used in this chapter—
“banking organization” means any bank, trust company, savings bank, safe deposit company, or a private banker engaged in business in the United States;
“business association” means any corporation (other than a public corporation), joint stock company, business trust, partnership, or any association for business purposes of two or more individuals; and
“financial organization” means any savings and loan association, building and loan association, credit* union, or investment company engaged in business in the United States.
Source credit: (Pub. L. 93–495, title VI, § 602, Oct. 28, 1974, 88 Stat. 1525.)
- 1974Enacted · Pub. L. 93-495 · 88 Stat. 1525
A history note hasn’t been published yet. The record shows enactment by Pub. L. 93-495 on 1974-10-28.
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