As used in this code, unless the context otherwise requires:
(3.5) "Affiliate" means any company that directly or indirectly controls, is controlled by, or is under common control with another company.
(16.5) "Commercial activities" means activities in which a bank holding company, a financial holding company, a national bank, or a national bank financial subsidiary may not engage under federal law.
(27.5) "De novo bank" means a newly incorporated and chartered federally insured bank.
(40.5) "Investment discretionary authority" means, with respect to an account, the sole or shared authority, whether or not that authority is exercised, to determine which securities or other assets to purchase or sell on behalf of the account. An institution that delegates its authority over investments and an institution that receives delegated authority over investments both have investment discretion.
Source: L. 2003: Entire article added with relocations, p. 1054, § 3, effective July 1. L. 2004: (43) amended, p. 1192, § 24, effective August 4. L. 2007: (3.5) and (16.5) added, p. 117, § 1, effective March 16. L. 2009: (10) and (43) amended, (HB 09-1053), ch. 159, p. 688, § 6, effective August 5. L. 2013: (4), (5), (10), (30), (36), (43), and (58) amended, (8) repealed, and (27.5) and (40.5) added, (SB 13-154), ch. 282, p. 1472, § 33, effective July 1.
Editor's note: This section is similar to former §§ 11-1-102, 11-4-101, 11-6.3-101 (1), 11-6.4-102, 11-6.5-103, 11-7-100.3, 11-9-101, 11-25-102, and 11-10-105 as they existed prior to 2003.