Legislation

Search OpenLegislation Statutes

This entry was published on 2014-09-22
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 1001
Definitions
Banking (BNK) CHAPTER 2, ARTICLE 15, TITLE 1
§ 1001. Definitions. In this article, unless the context otherwise
requires:

1. "Corporation" means and includes all banks, trust companies, safe
deposit companies, investment companies, mutual trust investment
companies, and, to the extent not provided otherwise under any
regulation of the superintendent of financial services promulgated
pursuant to the provisions of section fourteen-e of this chapter,
stock-form savings banks and stock-form savings and loan associations.

2. "Director" means any member of the governing board of a
corporation, whether designated as director, trustee, manager, governor,
or by any other title. The term "board" means "board of directors".

3. "Foreign corporation" means a corporation which is licensed by the
superintendent under the provisions of article two of this chapter to do
business in this state or is applying for such license and a corporation
authorized to conduct business in this state pursuant to article five-C
of this chapter or is applying for such authorization.

4. "Office" means in the case of a bank or trust company its principal
office, in the case of a safe deposit company, investment company or
mutual trust investment company, its principal place of business and in
the case of a foreign corporation the place of business designated in
its license or its authorization pursuant to article five-C of this
chapter, as the case may be, for the oldest agency or branch in this
state of such foreign corporation.

5. "Organization certificate" includes (a) the original organization
certificate or any other instrument filed or issued under any statute to
form a corporation or foreign corporation, as amended, supplemented or
restated by certificates of amendment, merger or consolidation or other
certificates or instruments filed or issued under any statute; or (b) a
special act or charter creating a corporation or foreign corporation, as
amended, supplemented or restated by special acts or by certificates of
amendment, merger or consolidation or other certificates or instruments
filed or issued under any statute.

6. "Treasury shares" means shares which have been issued, have been
subsequently acquired, and are retained uncancelled by the corporation.