North Carolina General Statutes 53-232.2. Definitions
(a) The following definitions apply in this Article:
(1) Commissioner. – The North Carolina Commissioner of Banks.
Terms Used In North Carolina General Statutes 53-232.2
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
- United States: shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
(2) Federal international bank institution. – A branch, agency, or representative office of an international banking corporation established and operating under the federal International Banking Act of 1978, 12 U.S.C. §§ 3101 et seq., as amended, and its regulations.
(3) Foreign country. – A country other than the United States, but including a territory or possession of the United States.
(4) International bank agency. – A business or any part of a banking business conducted in this State or through an office located in this State, other than a federal international bank institution, which exercises powers as set forth in N.C. Gen. Stat. § 53-232.9(f) on behalf of an international banking corporation.
(5) International bank branch. – A business or any part of a banking business conducted in this State or through an office located in this State, other than a federal international bank institution, which exercises powers as set forth in N.C. Gen. Stat. § 53-232.9(e) on behalf of an international banking corporation.
(6) International banking corporation. – A banking corporation organized and licensed under the laws of a foreign country or a political subdivision of a foreign country.
(7) International representative office. – A business location of a representative of an international banking corporation, other than a federal international bank institution, established to act in a liaison capacity with existing and potential customers of the international banking corporation and to generate new loans and other activities for the international banking corporation that is operating outside the State.
(b) Legal and financial terms used in this Article refer to equivalent terms used by the country in which the international banking corporation is organized. (1991, c. 679, s. 1.)