LAWDOG is intended to assist in the understanding of basic concepts. See Disclaimer.
Always obtain legal advice from legal professionals.
Under 11 U.S.C. Section 101, the term:
(22) ''financial
institution'' means a person that is a commercial or savings
bank, industrial savings bank, savings and loan association, or trust company and, when
any such person is acting as agent or custodian for a customer in connection with a
securities contract, as defined in section 741 of this title, such customer;
Copyright
1996-2000 by LAWDOG.COM Publishing, Inc. All rights reserved.
