§ 6040-2. Definitions
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 7 P.S. Banks and Banking
7 P.S. § 6040-2
§ 6040-2. Definitions
The following words, as used in this act, shall have the meanings herein assigned to them, unless the context clearly indicates otherwise:
(2) “Financial institution” means any national banking association, State-chartered bank, bank and trust company, savings bank, or private bank, Federal savings and loan association, State-chartered building and loan association or credit union, or any stock insurance company, including any stock life or limited life, stock fire, stock marine, stock fire and marine, or stock casualty company, any mutual insurance company, including any mutual life or limited life company or any surety company, title insurance company, Lloyds association, or inter-insurance exchange, which is authorized by law to transact the business of insurance in Pennsylvania.
(3) “Lending agreement” means an agreement between a corporation and any financial institution, under which agreement such financial institution agrees to lend funds to the corporation in accordance with the provisions of section 61 of this act.
Credits
1959, Dec. 1, P.L. 1647, § 2. Amended 1963, Aug. 14, P.L. 830, § 1.
Footnotes
7 P.S. § 6040-6.
7 P.S. § 6040-2, PA ST 7 P.S. § 6040-2
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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