71 Pa. Stat. § 733-2

Current through Pa Acts 2024-35, 2024-56
Section 733-2 - Definitions
A. The following terms shall be construed in this act to have the following meanings, except in those instances where the context clearly indicates otherwise:

"Department." The Department of Banking and Securities of this Commonwealth.

"Secretary." The Secretary of Banking and Securities of this Commonwealth, or his duly authorized deputy or representative.

"Corporation." A corporation or a joint stock association, organized under the laws of this Commonwealth, of the United States, or of any other state, territory, foreign country, or dependency.

"Person." An individual, or an unincorporated association, including a partnership, a limited partnership, or any other form of unincorporated enterprise owned by two or more individuals.

"Licensee." A corporation, person or any other type of business entity required to be licensed by, registered with or partially exempt from being licensed by the Department of Banking and Securities under any law of this Commonwealth administered by the Department of Banking and Securities. The term does not include a licensee or registrant under the act of December 5, 1972 (P.L.1280, No.284), known as the "Pennsylvania Securities Act of 1972," unless otherwise provided in this act.

"Credit union." A Pennsylvania State-chartered credit union.

"Institution." A corporation or a person, as defined in this section, or other type of business entity, including, but not limited to, a mutual holding company, which is or was subject to the supervision of the department. The term does not include credit unions or licensees unless specifically stated otherwise and does not include a licensee or registrant under the act of December 5, 1972 (P.L.1280, No.284), known as the "Pennsylvania Securities Act of 1972," unless otherwise provided in this act.

"Court." The court of common pleas of the county in which the corporation or person has its principal or only place of business in this Commonwealth; or, where an institution of which the secretary is receiver is concerned, the particular court in which the certificate of possession, as defined later in this act, is filed; or the Commonwealth Court where specified in this act.

"Prothonotary." The prothonotary of such court.

"Written." This includes printed, typewritten, engraved, lithographed, photographed, photostated, telephotographed, electronically transmitted or rendered by other means approved by the Department of Banking.

"Public body of the United States." The Federal Deposit Insurance Corporation or any other agency or instrumentality of the United States which insures deposits of an institution.

"Association." As defined in section 102(3) of the act of December 14, 1967 (P.L.746, No.345), known as the "Savings Association Code of 1967."

"Commission." The Banking and Securities Commission of the department established in section 1121-A(a) of this act.

"Fund." The Banking Fund redesignated in section 1113-A of this act as a continuation of the Banking Department Fund.

B. Article and section headings shall not be construed to affect in any manner the scope or meaning of any article or section of this act.
C. The singular shall be construed to include the plural. The masculine shall be construed to include the feminine and the neuter, and conversely the neuter shall be construed to include the masculine and the feminine.

71 P.S. § 733-2

Amended by P.L. 814 2012 No. 86, § 3, eff. 10/1/2012.
1933, May 15, P.L. 565, art. I, § 2. Amended 1978, Oct. 5, P.L. 1133, No. 266, § 1, imd. effective; 2002, Dec. 9, P.L. 1604, No. 209, § 1, imd. effective; 2009, June 29, P.L. 46, No. 7, § 1, effective in 60 days [Aug. 28, 2009].