§ 129 Financial Institutions Definitions

This rule says that when you read the Financial Institutions Law, you should use the word meanings listed in this chapter unless a specific part says to use a different meaning.

Key Takeaways

•Use the definitions in this chapter to understand the Financial Institutions Law.
•Only ignore those definitions if a specific part of the law says to use a different meaning.
•This helps keep the meaning of words consistent across the whole law.

Example

A bank is called a "financial institution" in the definitions chapter. When a rule about loans talks about a "financial institution," you use that definition, unless that rule says otherwise.

Because the rule says to use the chapter’s definitions, the bank is treated as a financial institution for the loan rule, unless the loan rule gives its own special meaning.

This rule says that when you read the Financial Institutions Law, you should use the word meanings listed in this chapter unless a specific part says to use a different meaning.

Key Takeaways

•Use the definitions in this chapter to understand the Financial Institutions Law.
•Only ignore those definitions if a specific part of the law says to use a different meaning.
•This helps keep the meaning of words consistent across the whole law.

Example

A bank is called a "financial institution" in the definitions chapter. When a rule about loans talks about a "financial institution," you use that definition, unless that rule says otherwise.

Because the rule says to use the chapter’s definitions, the bank is treated as a financial institution for the loan rule, unless the loan rule gives its own special meaning.

Key Takeaways

Example

Key Terms

References

§ 129 Financial Institutions Definitions

Key Takeaways

Example

Key Terms

References

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References