36-5-814 -
36-5-814. Financial institution defined.
As used in this part, unless the context otherwise requires, financial institution means:
(1) A depository institution, as defined in Section 3(c) of the Federal Deposit Insurance Act, codified at 12 U.S.C. § 1813(c);
(2) An institution-affiliated party, as defined in Section 3(u) of such Act, codified at 12 U.S.C. § 1813(u), including for purposes of § 36-5-810;
(3) Any federal credit union or state credit union as defined in Section 101 of the Federal Credit Union Act, codified at 12 U.S.C. § 1752, including, for purposes of § 36-5-810, an institution-affiliated party of such a credit union, as defined in Section 206 of such Act, codified at 12 U.S.C. § 1786; or
(4) Any benefit association, insurance company, safe deposit company, money-market mutual fund, securities broker/dealer, or similar entity authorized to conduct business in this state.
[Acts 1997, ch. 551, § 11.]