As used in this act, unless a different meaning is required by the context, the following words and phrases shall have the following meanings:
- (1) "Corporation" means the Oklahoma Business Development Corporation created under the provisions of this act.
- (2) "Financial institution" means any bank, trust company, savings and loan association, insurance company, or other institution engaged in lending or investing funds.
- (3) "Member" means any financial institution which shall undertake to lend money to a corporation created under the provisions of this act.
- (4) "Board of directors" means the board of directors of a corporation created under this act.
- (5) "Loan limit" for any member means the maximum amount permitted to be outstanding at one time on loans made by such member to a corporation as determined under the provisions of this act.
- (6) "Shareholder" means the holder of record of shares in the corporation.
Laws 1970, HB 1488, c. 187, § 2, emerg. eff. April 13, 1970.