§ 54C-200. Definitions. - North Carolina Statutes

§ 54C‑200.  Definitions.

As used in this Article,unless the context clearly requires otherwise, the following definitions apply:

(1)        Repealed by SessionLaws 2004‑203, s. 35(b), effective August 17, 2004.

(2)        "Branch"means a full service office of a savings bank through which it renders asavings bank service other than its principal office. A savings bank may engagein any authorized function or service through an authorized branch office.

(3)        "Commission"means the State Banking Commission.

(4)        "Home state"means (i) as to a state‑chartered savings bank, the state which grantedthe savings bank its charter, and (ii) as to a federal savings bank, the statein which the savings bank has its principal office.

(5)        "Out‑of‑state"savings bank means a savings bank granted a charter by any state other thanthis State and whose principal office is not located in this State.

(6)        "Savingsbank" means a state savings bank or a federal savings bank, unless limitedby use of the words "State" or "federal".

(7)        "State savingsbank" means a depository institution chartered under the laws of thisState.

(8)        "Supervisor"means the state savings bank supervisor or equivalent state official havingprimary regulatory authority over an out‑of‑state savings bank. (1993, c. 191, s. 3; 2001‑193,ss. 16, 17; 2004‑203, s. 35(b).)