§ 487.3801

487.3801 Use of 'bank,''banker,' or 'banking.' Sec. 801. (1) The use of the word 'bank', 'banker', or 'banking', or words in any foreign language of similar meaning, as a designation or name or part of a designation or name under which business is conducted in this state, is restricted to a national bank, a savings bank subject to this act, a bank, out-of-state bank, a bank holding company, a foreign bank agency, or a foreign bank branch, that is lawfully conducting business in this state, except if the designation or name, taken as a whole, would not imply a banking business. (2) A savings bank subject to this act may use the phrase 'state savings bank' or 'savings bank' as part of a designation or name. History: 1996, Act 354, Imd. Eff. July 1, 1996