For the purpose of this subchapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
DEPOSITS. All demand and time deposits, excluding deposits of the United States government, state and political subdivisions, other financial institutions, public libraries, educational institutions, religious institutions, charitable institutions, and certified and officers' checks.
FINANCIAL INSTITUTION.
(1) A national bank organized and existing as national bank association pursuant to the provisions of the National Bank Act, 12 USC, §§ 21 et seq., in effect on December 31, 1995, exclusive of any amendments made subsequent to that date, or a national bank organized after December 31, 1995, that meets the requirements of the National Bank Act in effect on December 31, 1995;
(2) Any bank or trust company incorporated or organized under the laws of any state, except a banker's bank organized under KRS 286.3-135;
(3) Any corporation organized under the provisions of 12 USC §§ 611 to 631, in effect on December 31, 1995, exclusive of any amendments made subsequent to that date, or any corporation organized after December 31, 1995, that meets the requirements of 12 USC §§ 611 to 631, in effect on December 31, 1995; or
(4) Any agency or branch of a foreign depository as defined in 12 USC § 3101, in effect on December 31, 1995, exclusive of any amendments made subsequent to that date, or any agency or branch of a foreign depository established after December 31, 1995, that meets the requirements of 12 USC § 3101 in effect on December 31, 1995.
(Ord. 07-96-03, passed 7-30-96; Am. Ord. 10-96-01, passed 10-29-96)