§ 7303 — Definitions

The following words and phrases when used in this subchapter and Subchapter B (relating to powers, duties and safeguards) shall have the meanings given to them in this section unless the context clearly indicates otherwise:

"Acquire."Construct or acquire by purchase, lease, devise, gift or other mode of acquisition.

"Board."A board of directors of a corporation.

"Federal agency."Includes the United States of America and any department, administration, commission, board, bureau, office, establishment, agency, authority or instrumentality of the United States of America, heretofore or hereafter created.

"Member."The incorporators of a corporation and each person thereafter lawfully admitted to membership therein.

"Obligations."Includes bonds, notes, debentures, interim certificates or receipts and all other evidences of indebtedness issued by a corporation, whether secured or unsecured.

"Person."Includes any Federal agency, State or political subdivision thereof or any body politic.

"Rural area."Any area, not included within the boundaries of any incorporated or unincorporated city, town, village or borough, having a population in excess of 2,500 inhabitants, including both the farm and nonfarm population thereof.