Section 222. Definitions  


Latest version.
  • In this article, the following definitions shall
      apply:
        1. The term "out-of-state bank" means an out-of-state state bank or an
      out-of-state national bank.
        2. The term "out-of-state state bank" means a state bank, as such term
      is defined in section 3(a)(2) of the Federal Deposit Insurance  Act  (12
      U.S.C.   1813(a)(2)),   but  such  term  shall  not  include  a  banking
      organization.
        3. The term "out-of-state national  bank"  means  a  national  banking
      association the main office of which is located outside this state.
        4.  The  term  "New  York bank" means a bank, trust company or savings
      bank, as such terms are defined in subdivisions one,  two  and  four  of
      section two of this chapter.
        5.  The  term "state" means any state of the United States (other than
      this state), the District of  Columbia,  any  territory  of  the  United
      States,  Guam,  American  Samoa,  the  Trust  Territory  of  the Pacific
      Islands, the United States Virgin  Islands,  and  the  Northern  Mariana
      Islands.
        6.  The  term "home state" means with respect to an out-of-state state
      bank, the state under the laws of which such out-of-state state bank  is
      incorporated or otherwise organized, and with respect to an out-of-state
      national bank, the state in which such out-of-state national bank's main
      office is located.
        7.  The term "acquisition transaction" means any merger, consolidation
      or purchase of assets and assumption of liabilities of all or part of  a
      banking institution.
        8. The term "like-type banking organization" means, with respect to an
      out-of-state  bank, a banking organization with the type of charter that
      most nearly corresponds to the charter of  such  out-of-state  bank,  as
      determined by the superintendent.
        9.  The  term  "appropriate  state  supervisor"  means  the home state
      supervisor  with  supervisory  and  regulatory  jurisdiction   over   an
      out-of-state state bank in its home state.