§ 221-b. Definitions. 1. Banking institution. The term "banking
institution", when used in this article, shall mean any entity
authorized by its charter to accept deposits and to make loans.

2. Foreign banking corporation. The term "foreign banking
corporation", when used in this article, shall mean any banking
institution organized under the laws of any jurisdiction other than the
United States, any state of the United States or Puerto Rico.

3. Representative. The term "representative" shall mean any person or
entity engaging in any activity in this state for or on behalf of a
foreign banking corporation, provided that such activity is not
otherwise permitted by law.

4. The superintendent shall be authorized to exempt from the above
definitions such additional persons, entities, activities or classes
thereof which shall be deemed appropriate in order to effectuate the
purposes of this article.