§ 202. — Definitions.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC202]
TITLE 12--BANKS AND BANKING
CHAPTER 2--NATIONAL BANKS
SUBCHAPTER XIV--BANK CONSERVATION ACT
Sec. 202. Definitions
As used in this subchapter, the term ``bank'' means (1) any national
banking association or any other financial institution chartered or
licensed under Federal law and subject to the supervision of the
Comptroller of the Currency, and (2) any bank or trust company located
in the District of Columbia and operating under the supervision of the
Comptroller of the Currency; the term ``voluntary dissolution and
liquidation'' means a transaction pursuant to section 181 of this title
that involves the assumption of the bank's insured deposit liabilities
and the sale of the bank, or of control of the bank, as a going concern;
and the term ``State'' means any State, Territory, or possession of the
United States, and the Canal Zone.
(Mar. 9, 1933, ch. 1, title II, Sec. 202, 48 Stat. 2; Pub. L. 101-73,
title VIII, Sec. 801, Aug. 9, 1989, 103 Stat. 441.)
References in Text
For definition of Canal Zone, referred to in text, see section
3602(b) of Title 22, Foreign Relations and Intercourse.
Amendments
1989--Pub. L. 101-73, Sec. 801(1), in cl. (1), extended term
``bank'' to include any financial institution chartered or licensed
under Federal law and subject to supervision of Comptroller of the
Currency.
Pub. L. 101-73, Sec. 801(2), in cl. (2), inserted definition of term
``voluntary dissolution and liquidation''.
Exception as to Transfer of Functions
Functions vested by any provision of law in Comptroller of the
Currency, referred to in this section, not included in transfer of
functions to Secretary of the Treasury, see note set out under section 1
of this title.
