§ 19-7-1. Definitions.
(a) For the purposes of this chapter, the term or terms:
(1) "Bank�, "bank-holding company�, "company�, "subsidiary�, and "control� have the meanings
set forth in the federal Bank Holding Company Act of 1956, 12 U.S.C. § 1841 et seq., except that "bankâ€� shall also include financial institutions, as defined
in this title, and other forms of federally-insured-deposit-taking institutions. Bank-holding
companies shall include thrift-holding companies as set forth in the Home Owners'
Loan Act, 12 U.S.C. § 1461 et seq., whether organized with or without capital stock.
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§ 19-7-1. Definitions.
(a) For the purposes of this chapter, the term or terms:
(1) "Bank�, "bank-holding company�, "company�, "subsidiary�, and "control� have the meanings
set forth in the federal Bank Holding Company Act of 1956, 12 U.S.C. § 1841 et seq., except that "bankâ€� shall also include financial institutions, as defined
in this title, and other forms of federally-insured-deposit-taking institutions. Bank-holding
companies shall include thrift-holding companies as set forth in the Home Owners'
Loan Act, 12 U.S.C. § 1461 et seq., whether organized with or without capital stock.
(2) "Out-of-state bank� means a bank whose principal office is located in any other state.
(3) "Out-of-state bank-holding company� means a holding company for which the operations
of its bank subsidiaries are principally conducted in any other state.
(4) "Rhode Island bank-holding company� means a bank-holding company that controls a financial
institution, provided that an out-of-state bank or bank-holding company that acquired
control of one or more financial institutions shall not be deemed to be a Rhode Island
bank-holding company, unless operations of its bank subsidiaries are principally conducted
in this state.
(b) For the purposes of this chapter, the state in which operations of a bank-holding
company's bank subsidiaries are principally conducted is the state in which total
deposits of all of its bank subsidiaries are the largest.