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Session Laws, 2003
Volume 799, Page 3776   View pdf image
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H.B. 753                                                 VETOES

(1) A BANK HOLDING COMPANY AS DEFINED IN THE FEDERAL BANK
HOLDING COMPANY ACT OF 1956, A
S AMENDED; OR

(2) A BANK, TRUST COMPANY, SAVINGS BANK, OR SAVINGS AND LOAN
ASSOCIATION INCORPORATED OR CHARTERED UNDER THE LAWS OF THIS STATE
;
ANOTHER STATE, OR THE UNITED STATES.

10-306.1.

(A) (1) IN THIS SECTION THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

(2) "BANK" MEANS:

(I) A BANK HOLDING COMPANY AS DEFINED IN THE FEDERAL
BANK HOLDING COMPANY ACT OF 1956, AS AMENDED, OR A BANK, TRUST COMPANY,
SAVINGS BANK, OR SAVINGS AND LOAN ASSOCIATION INCORPORATED OR
CHARTERED UNDER THE LAWS OF THIS STATE, ANOTHER STATE, OR THE UNITED
STATES; OR

(II) A SUBSIDIARY OR AFFILIATE OF AN ENTITY DESCRIBED IN
ITEM (I) OF THIS PARAGRAPH.

(3) "BIOTECHNOLOGY" MEANS THE APPLICATION OF BIOCHEMISTRY,
MOLECULAR AND CELLULAR BIOLOGY, GENETICS, BIOENGINEERING, AND RELATED
TECHNOLOGIES TO PRODUCE OR MODIFY PRODUCTS, TO IMPROVE PLANTS OR
ANIMALS, TO DEVELOP MICROORGANISMS FOR SPECIFIC USES, TO IDENTIFY
TARGETS FOR SMALL MOLECULE PHARMACEUTICAL DEVELOPMENT, OR TO
TRANSFORM BIOLOGICAL SYSTEMS INTO USEFUL PROCESSES.

(2) (4) "INTANGIBLE EXPENSE" MEANS:

(I) AN EXPENSE, LOSS, OR COST FOR, RELATED TO, OR IN
CONNECTION DIRECTLY OR INDIRECTLY WITH, THE DIRECT OR INDIRECT
ACQUISITION, USE, MAINTENANCE, MANAGEMENT, OWNERSHIP, SALE, EXCHANGE,
OR ANY OTHER DISPOSITION OF INTANGIBLE PROPERTY, TO THE EXTENT THE
EXPENSE, LOSS, OR COST IS ALLOWED AS A DEDUCTION OR COST IN DETERMINING
TAXABLE INCOME FOR THE TAXABLE YEAR UNDER THE INTERNAL REVENUE CODE;

(II) A LOSS RELATED TO OR INCURRED IN CONNECTION DIRECTLY
OR INDIRECTLY WITH FACTORING TRANSACTIONS OR DISCOUNTING TRANSACTIONS;

(III)   A ROYALTY, PATENT, TECHNICAL, OR COPYRIGHT FEE;

(IV)    A LICENSING FEE; AND

(V)     ANY OTHER SIMILAR EXPENSE OR COST.

(3) (5) "INTANGIBLE PROPERTY" MEANS PATENTS, PATENT
APPLICATIONS, TRADE NAMES, TRADEMARKS, SERVICE MARKS, COPYRIGHTS, AND
SIMILAR TYPES OF INTANGIBLE ASSETS.

- 3776 -

 

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Session Laws, 2003
Volume 799, Page 3776   View pdf image
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