§ 6-201. Definitions

   (a) In general. -- In this subtitle the following words have the meanings indicated.

(b) Banking institution. -- "Banking institution" means an institution that is incorporated under the laws of the State as a State bank, trust company, or savings bank.

(c) Collateral. -- "Collateral" means collateral that is listed under § 6-202 of this subtitle.

(d) Deposit insurance. -- "Deposit insurance" means insurance by:

   (1) the Federal Deposit Insurance Corporation; or

   (2) the Resolution Trust Corporation created under § 21A of the Federal Home Loan Bank Act (12 U.S.C. § 1441a.).

(e) Financial institution. -- "Financial institution" means:

   (1) any banking institution;

   (2) any national banking association;

   (3) an institution that is incorporated under the laws of any other state as a bank; and

   (4) an institution that is incorporated under the laws of this State or of the United States as a savings and loan association.

(f) National banking association. -- "National banking association" means an institution that is incorporated under federal law as a bank.

(g) State money. -- "State money" for purposes of § 6-209 and 6-210 of this subtitle includes moneys in a bank account maintained under the control of an employee or official of the clerk of the court or register of wills.

HISTORY: An. Code 1957, art. 95, § 21A; 1985, ch. 11, § 2; 1990, ch. 6, § 2; 1991, ch. 55, § 1; 1997, ch. 534; 1998, ch. 21, § 1.