6.1-44.16 - (Repealed effective October 1, 2010) Definitions. - Virginia Statutes

§ 6.1-44.16. (Repealed effective October 1, 2010) Definitions.

As used in this article, unless a different meaning is required by thecontext, 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 thebank 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 stateof such foreign bank under 12 U.S.C. § 3103 (c).

"Host state" means a state, other than the home state of a bank, in whichthe 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 theconversion of branches of any bank involved in the merger or consolidation tobranches of the resulting bank; or

2. The purchase of all, or substantially all, of the assets of a bank whosehome 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 thanVirginia.

"Out-of-state state bank" means a bank chartered under the laws of anystate other than Virginia.

"Resulting bank" means a bank that has resulted from an interstate mergertransaction under this article.

"State" means any state of the United States, the District of Columbia, anyterritory of the United States, Puerto Rico, Guam, American Samoa, the TrustTerritory of the Pacific Islands, the Virgin Islands, and the NorthernMariana 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.)