04 NCAC 03D .0105         DEFINITIONs

As used in this Subchapter:

(1)           "Board of Directors" shall have the same meaning as defined in G.S. 53-301(a)(6a).

(2)           "Collective investment fund" shall mean any fund established pursuant to 12 C.F.R. 9.18, which is incorporated by reference in Rule .0304 of this Subchapter.

(3)           "State trust entity" shall mean a "state bank" or "state trust company" as defined in G.S. 53-301(a)(43) and (45).

(4)           "Trust business" shall have the same meaning as defined in G.S. 53-301(a)(50).

History Note:        Authority G.S. 53-366; 53C-2-5;

Eff. April 1, 2015;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. October 3, 2017.