Title 12 — Banks and BankingRelease 119-73not60
§2502 Definitions
Title 12 › Chapter 26— DISPOSITION OF ABANDONED MONEY ORDERS AND TRAVELER’S CHECKS › § 2502
Summary
Defines terms for entities doing business in the U.S.: banking organization — banks and similar firms; business association — nonpublic corporations or business groups of two+ people; financial organization — savings-and-loan, building-and-loan, credit unions, and investment companies.
Full Legal Text
Title 12, §2502
Banks and Banking — Source: USLM XML via OLRC
As used in this chapter—
(1)“banking organization” means any bank, trust company, savings bank, safe deposit company, or a private banker engaged in business in the United States;
(2)“business association” means any corporation (other than a public corporation), joint stock company, business trust, partnership, or any association for business purposes of two or more individuals; and
(3)“financial organization” means any savings and loan association, building and loan association, credit union, or investment company engaged in business in the United States.
Reference
Citations & Metadata
Citation
12 U.S.C. § 2502
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60