(a) An armored car carrier is any individual, partnership, association, limited liability company, corporation or any other entity which engages in the business of providing secured transportation, protection and safeguarding of valuable cargo from one place or point to another (including the provision of cash services for automated teller machines) by means of specially designed and constructed bullet-resistant armored vehicles and armored car guards.

(b) The term armored car carrier does not include any subsidiary of an entity organized and operating pursuant to the Federal Bank Holding Company Act of 1956 (12 USCA 1841, et seq.). Such entity must be registered with the Board of Governors of the Federal Reserve as required by 12 USCA § 1844.