Guam § 106301 - Additional Definitions.

§ 106301. Additional Definitions.

As used in this Article, unless the context requires otherwise:

(a) “Bank” means a territorial or national bank. The singular bank includes the plural banks as the

context warrants.

(b) “Continuing bank” means a merging bank the charter of which becomes the charter of the resulting

bank.

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(c) “Converting bank” means a bank converting from a territorial to a national bank, or the reverse.

(d) “Merger” includes consolidation.

(e) “Merging bank” means a party to a merger.

(f) “National bank” means a bank with a charter granted under the National Bank Act by the Office of

the Comptroller of the Currency with its main office in Guam.

(g) “Resulting bank” means the bank resulting from a merger or conversion.

(h) “Territorial bank” means a bank or trust company chartered by Guam.

(i) “Bank holding company” has the meaning set forth in §100102 of this Title.

(j) “Guam bank holding company” means a bank holding company whose home state, as defined in §

106351, is Guam.

(k) “Out-of-state bank holding company” means a bank holding company whose state, as defined in

Section 2(o)(4) of the Bank Holding Company Act of 1956, as amended, is not Guam.

(l) “Guam bank” has the meaning set forth in § 106351 of this Chapter.