10-2251. Definitions
In this chapter, unless the context otherwise requires:
1. " Bank" means any banking corporation or national banking association.
2. " Corporation" means a business development corporation formed under the provisions of this chapter.
3. " Member" means any bank or federal or state savings and loan association authorized to do business within this state which shall undertake to lend money to the corporation upon its call and in accordance with the provisions of this chapter.
4. " Shareholder" means a registered owner of shares in a corporation formed under the provisions of this chapter.
5. " Shares" means units into which the shareholders' rights to participate in the control of a corporation, in its surplus or profits, or in the distribution of its assets, are divided.
Section: Previous 10-2240 10-2241 10-2242 10-2244 10-2245 10-2246 10-2249 10-2251 10-2252 10-2253 10-2254 10-2255 10-2256 10-2257 10-2258 NextLast modified: October 13, 2016