§ 6.1-44.16. Definitions
As used in this article, unless a different meaning is required by the context, the following words and phrases shall have the following meanings:
"Bank" means any bank defined in 12 U.S.C. § 1813 (h).
"Home state" means:
1. With respect to a national bank, the state in which the main office of the bank is located;
2. With respect to a state bank, the state by which the bank is chartered;
3. With respect to a foreign bank, the state determined to be the home state of such foreign bank under 12 U.S.C. § 3103 (c).
"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.
"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 to branches of the resulting bank; or
2. The purchase of all, or substantially all, of the assets of a bank whose home state is different than the home state of the acquiring bank.
"Out-of-state bank" means a bank whose home state is a state other than Virginia.
"Out-of-state state bank" means a bank chartered under the laws of any state other than Virginia.
"Resulting bank" means a bank that has resulted from an interstate merger transaction under this article.
"State" means any state of the United States, the District of Columbia, any territory of the United States, Puerto Rico, Guam, American Samoa, the Trust Territory of the Pacific Islands, the Virgin Islands, and the Northern Mariana Islands.
"Virginia bank" means a bank whose home state is Virginia.
"Virginia state bank" means a bank chartered under the laws of Virginia.
(1995, c. 301.)
Sections: Previous 6.1-44.9 6.1-44.10 6.1-44.11 6.1-44.12 6.1-44.13 6.1-44.14 6.1-44.15 6.1-44.16 6.1-44.17 6.1-44.18 6.1-44.19 6.1-44.20 6.1-44.21 6.1-44.22 6.1-44.23 NextLast modified: April 2, 2009