Guam § 100102 - Automated Teller Machine (ATM), Bank, Territorial

§ 100102. Automated Teller Machine (ATM), Bank, Territorial

Bank, Commercial Bank, Savings Bank, State Bank, National Bank.

As used in this Title:

>Automated teller machine= (>ATM=) means a customer/bank

communication terminal (>CBCT=) or other such device either

manned or unmanned which may be activated through an accepted

card or other means of access to an account at a financial institution,

as such terms are defined in 15 U.S. Code § 1693a of the Electronic

Funds Transfer Act; or any other electronic terminal or device either

manned or unmanned which may be activated by the use of a credit

card for the purpose of obtaining credit from the card issuer, as such

terms are defined in 15 U.S. Code § 1602 of the Truth in Lending

Act, other than a device provided and maintained by the card issuer

or under its authority for the sole purpose of electronically

authorizing sales transactions at a merchant=s place of business. A

device shall not be deemed maintained or provided under authority

of the card issuer merely by reason of the fact that credit may be

obtained electronically through the device.

COL120106

11 GCA FINANCE & TAXATION

CH. 100 SHORT TITLE, DEFINITIONS AND MISCELLANEOUS

>Bank= or >Commercial Bank,= except as otherwise provided in

this Title, means an officially chartered institution empowered to

receive deposits, make loans, provide checking and savings account

services, and/or conduct a general commercial banking activity,

organized under strict requirements of either the Federal or a state or

territorial government.

>Bank holding company= means a bank holding company as

defined in Section 2(a)(1) of the Bank Holding Company Act of

1956, as amended.

>Control= shall be construed consistent with Section 2(a)(2) of the

Bank Holding Company Act of 1956, as amended.

>Customer/bank communication terminal= (>CBCT=) has the

meaning set forth in this Section for >automated teller machine=

(>ATM=).

>National Bank= means any bank chartered under the national

banking laws of the United States.

>Out-of-state bank= has the meaning set forth in §106351 of this

Title.

>Savings Bank= means any bank whose charter limits its powers

to accepting deposits to accounts that which may only be withdrawn

after notice.

>State Bank= means any bank chartered under the banking laws

of one of the states of the United States.

>Territorial Bank= means any bank chartered by Guam.@