Automated Teller Machine (ATM), Bank, Territorial

11 GCA § 100102, under Short Title, Definitions and Miscellaneous.

11 GCA § 100102

Bank, Commercial Bank, Savings Bank, State Bank, National Bank. As used in this Title: >Automated teller machine= (>ATM=) means a customer/bank communication terminal (>CBCT=) or other such device either manned or unmanned which may be activated through an accepted card or other means of access to an account at a financial institution, as such terms are defined in 15 U.S. Code § 1693a of the Electronic Funds Transfer Act; or any other electronic terminal or device either manned or unmanned which may be activated by the use of a credit card for the purpose of obtaining credit from the card issuer, as such terms are defined in 15 U.S. Code § 1602 of the Truth in Lending Act, other than a device provided and maintained by the card issuer or under its authority for the sole purpose of electronically authorizing sales transactions at a merchant=s place of business. A device shall not be deemed maintained or provided under authority of the card issuer merely by reason of the fact that credit may be obtained electronically through the device.

COL120106

>Bank= or >Commercial Bank,= except as otherwise provided in this Title, means an officially chartered institution empowered to receive deposits, make loans, provide checking and savings account services, and/or conduct a general commercial banking activity, organized under strict requirements of either the Federal or a state or territorial government. >Bank holding company= means a bank holding company as defined in Section 2(a)(1) of the Bank Holding Company Act of 1956, as amended. >Control= shall be construed consistent with Section 2(a)(2) of the Bank Holding Company Act of 1956, as amended. >Customer/bank communication terminal= (>CBCT=) has the meaning set forth in this Section for >automated teller machine= (>ATM=). >National Bank= means any bank chartered under the national banking laws of the United States. >Out-of-state bank= has the meaning set forth in §106351 of this Title. >Savings Bank= means any bank whose charter limits its powers to accepting deposits to accounts that which may only be withdrawn after notice. >State Bank= means any bank chartered under the banking laws of one of the states of the United States. >Territorial Bank= means any bank chartered by Guam.@ SOURCE: GC §30001. Definitions added by P.L. 24-35:2 (5/29/97). Re- pealed/reenacted by P.L. 27-88:3.