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.