PARRIS N. GLENDENING, Governor

Ch. 213

2. Satisfies] SATISFIES the definition of a bank holding
company in § 12-201 of the Financial Institutions Article] HAS A DIRECT OR INDIRECT
BANK, TRUST COMPANY, OR SAVINGS BANK SUBSIDIARY THAT HAS AN OFFICE IN THIS
STATE AT WHICH DEPOSITS ARE ACCEPTED; OR

(II) 1. HAS AN OFFICE IN THIS STATE THAT IS NOT ITS
PRINCIPAL OFFICE; AND

2. ACCEPTS DEPOSITS AT ITS OFFICE IN THIS STATE.

Article - Financial Institutions

1-101.

(a)     In this article, unless the context clearly requires otherwise, the following
words have the meanings indicated.

(b)     "Address" means post office address, including, if applicable, street and
number, municipal area or county, state, and, if outside of the United States, country.

(c)     "Any state" means:

(1)     Any state, possession, or territory of the United States;

(2)     The District of Columbia; or

(3)     The Commonwealth of Puerto Rico.

(d)     "Banking institution" means an institution that is incorporated under the laws
of this State as a State bank, trust company, or savings bank.

(e)     "Charter" has the meaning stated in § 1-101 of the Corporations and
Associations Article.

(f)      "Commercial bank" means an institution that is incorporated under the laws
of this State as a State bank or trust company.

(g)     "County" means a county of this State and, unless otherwise indicated,
Baltimore City.

(h) "Financial institution" means any financial institution of the type supervised
under this article, whether or not State-chartered.

(I) (1) "FOREIGN BANK" MEANS ANY FINANCIAL INSTITUTION OR OTHER
INSTITUTION THAT ENGAGES IN BANKING ACTIVITIES THAT ARE USUAL IN
CONNECTION WITH THE BUSINESS OF BANKING IN THE NATIONS IN WHICH THE
INSTITUTION IS ORGANIZED OR OPERATES.

(2) "FOREIGN BANK" DOES NOT INCLUDE A BANK ORGANIZED UNDER
THE LAWS OF ANY STATE OR A NATIONAL BANKING ASSOCIATION THAT HAS ITS
HEADQUARTERS IN ANY STATE.

[(i)] (J) "Includes" or "including" means includes or including by way of
illustration and not by way of limitation.

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