MARVIN MANDEL, Governor

653

17-101. DEFINITIONS.

(A)   IN GENERAL.

IN THIS TITLE THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

(B)       ADMINISTRATOR.

"ADMINISTRATOR" MEANS THE STATE COMPTROLLER.

(C)   BANKING ORGANIZATION.

"BANKING ORGANIZATION" MEANS ANY BANK, TRUST
COMPANY, SAVINGS BANK, LAND BANK, AND ANY OTHER SIMILAR
ORGANIZATION ENGAGED IN BUSINESS IN THE STATE.

(D)   BUSINESS ASSOCIATION.

"BUSINESS ASSOCIATION" MEANS ANY CORPORATION, JOINT
STOCK COMPANY, BUSINESS TRUST, PARTNERSHIP, OR ANY
ASSOCIATION FOR BUSINESS PURPOSES OF TWO OR MORE
INDIVIDUALS.

(E)   COUNTY.

"COUNTY" INCLUDES BALTIMORE CITY.

(F) FINANCIAL ORGANIZATION.

"FINANCIAL ORGANIZATION" MEANS ANY [[BUILDING,]]
SAVINGS AND LOAN [[CORPORATION.]] ASSOCIATION OR CREDIT
UNION ENGAGED IN BUSINESS IN THE STATE.

(G) HOLDER.

"HOLDER" MEANS ANY PERSON WHO IS:

(1)   IN POSSESSION OF PROPERTY SUBJECT TO THIS
TITLE BELONGING TO ANOTHER;

(2)   A TRUSTEE, IN THE CASE OF A TRUST; OR

(3)    INDEBTED TO ANOTHER ON AN OBLIGATION
SUBJECT TO THIS TITLE.

(H) INSURANCE CORPORATION.

"INSURANCE CORPORATION" MEANS ANY ASSOCIATION OR
CORPORATION TRANSACTING IN THE STATE THE BUSINESS OF
INSURANCE ON THE LIVES OF PERSONS OR INSURANCE PERTAINING
TO LIFE INSURANCE, INCLUDING ENDOWMENTS AND ANNUITIES,
DISABILITY, ACCIDENT AND HEALTH INSURANCE, AND PROPERTY,
CASUALTY, AND SURETY INSURANCE, AS THESE TERMS ARE