7-18a-102 - Definitions.
7-18a-102. Definitions.
As used in this chapter:
(1) "Agency" means a place of business of a foreign depository institution located in thisstate that is authorized to exercise the powers permitted in Section 7-18a-301.
(2) "Branch," when used in reference to a foreign depository institution, means a place ofbusiness of a foreign depository institution located in this state that is authorized to exercise thepowers permitted in Section 7-18a-301.
(3) "Foreign person" means a person who is a citizen or national of a country, includingany colony, dependency, or possession of such country, other than the United States.
(4) "Representative office" means a place of business of a foreign depository institutionlocated in this state that is authorized to exercise powers permitted in Section 7-18a-301.
Enacted by Chapter 63, 1996 General Session