§ 18-20. Definitions.

The following words, terms and phrases, when used in this article, shall have the meanings ascribed to them in this section, except where the context clearly indicates a different meaning:

Bank means any financial institution chartered under the laws of any state or under the laws of the United States which is authorized to receive deposits in this state and which has a corporate structure authorizing the issuance of capital stock.

Depository financial institution means a bank or a savings and loan association.

Gross receipts means gross receipts as defined in O.C.G.A. § 48-6-95.

Savings and loan association means any financial institution, other than a credit union, chartered under the laws of any state or under the laws of the United States which is authorized to receive deposits in this state and which has a mutual corporate form.

(Res. of 12-31-1983, § 1)