TITLE 26

BANKS AND BANKING

CHAPTER 4

BANK SERVICE CORPORATIONS

26-401.  Definitions. As used in this section:

"Invest" includes any advance of funds to a bank service corporation, whether by the purchase of stock, the making of a loan, or otherwise, except a payment for rent earned, goods sold and delivered, or services rendered prior to the making of such payment;

"Applying bank" means a bank applying to a bank service corporation for bank services; and

"Stockholding bank" means a bank which owns stock of a bank service corporation.

History:

[26-401, added 1979, ch. 41, sec. 2, p. 80.]