Title 12, Banks and BankingRelease 119-102

§2502 Definitions

Title 12 › CHAPTER 26 — DISPOSITION OF ABANDONED MONEY ORDERS AND TRAVELER’S CHECKS › § 2502

Last updated Aug 21, 2026|Official source

Summary

Defines three kinds of organizations used in the chapter. Banking organization means any bank, trust company, savings bank, safe-deposit company, or private banker doing business in the United States. Business association means a corporation (except public ones), joint stock company, business trust, partnership, or any group of two or more people formed for business purposes. Financial organization means any savings and loan association, building and loan association, credit union, or investment company doing business in the United States.

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

Aug 21, 2026

Release point: 119-102