32-1-105. Commercial bank defined.
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/mt/title-32/chapter-1/part-1/32-1-105·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
32-1-105 . Commercial bank defined. The term "commercial bank" means any bank authorized by law to:
(1)receive deposits of money;
(2)deal in commercial paper or make loans on commercial paper;
(3)lend money on real or personal property;
(4)engage in business activities directly or indirectly through affiliates or subsidiaries;
(5)discount bills, notes, or other commercial papers; and
(6)buy and sell securities, gold and silver bullion, foreign coins, or bills of exchange.