1. (a) In this subtitle the following words have the meanings indicated.
2. (b) “Banking institution” means an institution that is incorporated under the laws of the State as a State bank, trust company, or savings bank.
3. (c) “Collateral” means collateral that is listed under § 6-202 of this subtitle.

4. (d) “Deposit insurance” means insurance by:

   1. (1) the Federal Deposit Insurance Corporation; or
   2. (2) the Resolution Trust Corporation created under § 21A of the Federal Home Loan Bank Act (12 U.S.C. § 1441a.).

5. (e) “Financial institution” means:

   1. (1) any banking institution;
   2. (2) any national banking association;
   3. (3) an institution that is incorporated under the laws of any other state as a bank; or
   4. (4) an institution that is incorporated under the laws of this State or of the United States as a savings and loan association.
6. (f) “National banking association” means an institution that is incorporated under federal law as a bank.
7. (g) “State money” for purposes of §§ 6-209 and 6-210 of this subtitle includes money in a bank account maintained under the control of an employee or official of the clerk of the court or register of wills.

Added by Acts 1985, c. 11, § 2, eff. Oct. 1, 1985. Amended by Acts 1990, c. 6, § 2, eff. Feb. 16, 1990; Acts 1991, c. 55, § 1, eff. April 9, 1991; Acts 1997, c. 534, § 1, eff. Oct. 1, 1997; Acts 1998, c. 21, § 1, eff. April 14, 1998; Acts 2015, c. 22, § 5; Acts 2023, c. 254, § 5, eff. May 3, 2023; Acts 2023, c. 255, § 5, eff. May 3, 2023.

Formerly Art. 95, § 21A.