§ 214. — 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: 12USC214]
TITLE 12--BANKS AND BANKING
CHAPTER 2--NATIONAL BANKS
SUBCHAPTER XV--CONVERSION OF NATIONAL BANKS INTO STATE BANKS
Sec. 214. Definitions
(a) As used in this subchapter and section 321 of this title the
term ``State bank'' means any bank, banking association, trust company,
savings bank (other than a mutual savings bank), or other banking
institution which is engaged in the business of receiving deposits and
which is incorporated under the laws of any State, any Territory of the
United States, Puerto Rico, or the Virgin Islands, or which is operating
under the Code of Law for the District of Columbia (except a national
banking association).
(b) For purposes of merger or consolidation under this subchapter
and section 321 of this title the term ``national banking association''
means one or more national banking associations, and the term ``State
bank'' means one or more State banks.
(Aug. 17, 1950, ch. 729, ch. 729, Sec. 1, 64 Stat. 455; Sept. 3, 1954,
ch. 1263, Sec. 24, 68 Stat. 1234.)
Amendments
1954--Act Sept. 3, 1954, substituted ``this subchapter and section
321 of this title'' for ``sections 214 to 214c, 264(e)(2), (i)(2),
(v)(4), and 321 of this title'' wherever appearing.
Separability
Section 9 of act Aug. 17, 1950, provided that: ``If any provision of
this Act [enacting this subchapter and amending of sections 264 and 321
of this title], or the application thereof to any person or
circumstance, is held invalid, the remainder of the Act and the
application of such provision to other persons or circumstances shall
not be affected thereby.''
