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.
History: En. Subd. a, Sec. 4, Ch. 89, L. 1927; re-en. Sec. 6014.4, R.C.M. 1935; R.C.M. 1947, 5-104; amd. Sec. 1, Ch. 129, L. 1981; amd. Sec. 1, Ch. 100, L. 1999.
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