banking institution definition
banking institution means a bank, bank and trust company, trust company, savings bank, private bank, or a national banking association, organized and doing business under the provisions of any law of this state, or of any other state of the United States, or under the provisions of any law of the United States of America.
banking institution means a banking institution as defined in section 1 of the Banks Act, 1965 (Act No. 23 of 1965), and registered or provisionally registered or deemed a to be registered as a banking institution in terms of section 4 of that Act, but does not include a provisionally registered banking institution which is so registered provisionally after the coming into operation of the Insolvency Amendment Act, 1972;
banking institution means a bank or trust company, including the Custodian, any Subcustodian or any subsidiary or Affiliate of the Custodian.
Examples of banking institution in a sentence
With respect to Interest Bearing Deposits issued by any other Banking Institution, Custodian shall (1) be responsible for the collection of income and the transmission of cash to and from such accounts and (2) have no duty with respect to the selection of the Banking Institution or for the failure of such Banking Institution to pay upon demand.
Subject to the provisions of Section 3.7, Provider shall be responsible for the selection of the Banking Institution and for the failure of such Banking Institution to pay according to the terms of the deposit.
Interest Bearing Deposits issued by another Banking Institution may be in the name of the Fund or Custodian or in the name of Custodian for its customers generally.
More Definitions of banking institution
banking institution means a banking institution as defined in section 1 of the Banking Institutions Act, 1998 (Act No. 2 of 1998);
banking institution means a banking institution as defined in section 1 of the Banking Institutions Act;
banking institution means an institution that is incorporated under the laws of the State as a State bank, trust company, or savings bank.
banking institution means the banking institution authorised to conduct banking business under the Banking Institutions Act, 1998 (Act No. 2 of 1998);
banking institution means an institution registered otherwise than provisionally as a bank in terms of the Banks Act, 1965 (Act 23 of 1965);
banking institution means a public company authorised under this Act to conduct banking business, or deemed to be so authorised;
banking institution means a banking institution as defined in section 1 of the Banks Act, 1965 (Act No. 23 of 1965);