Source: https://www.law.cornell.edu/uscode/text/12/1861
Timestamp: 2019-04-20 20:33:13+00:00

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This chapter may be cited as the “Bank Service Company Act”.
all of the members of which are 1 or more insured depository institutions.
the terms “State depository institution”, “Federal depository institution”, “State savings association” and “Federal savings association” have the same meanings as in section 1813 of this title.
2010—Subsec. (b)(4). Pub. L. 111–203, § 357(1), inserted “a savings association,” after “an insured bank,”, substituted “appropriate Federal banking agency” for “Director of the Office of Thrift Supervision”, and struck out “, the Federal Savings and Loan Insurance Corporation,” after “Federal Deposit Insurance Corporation”.
Subsec. (b)(5). Pub. L. 111–203, § 357(2), substituted “terms ‘depository institution’ and ‘savings association’ have the same meanings as in section 1813” for “term ‘insured depository institution’ has the same meaning as in section 1813(c)”.
2006—Subsec. (b)(2)(A)(ii), (B)(ii). Pub. L. 109–351, § 602(b)(1)(F), substituted “insured depository institutions” for “insured banks”.
Subsec. (b)(4). Pub. L. 109–351, § 602(b)(1)(A), inserted “, except when such term appears in connection with the term ‘insured depository institution’,” after “means” and substituted “Director of the Office of Thrift Supervision” for “Federal Home Loan Bank Board”.
Subsec. (b)(5). Pub. L. 109–351, § 602(b)(1)(B), added par. (5) and struck out former par. (5) which defined “insured bank”.
Subsec. (b)(8). Pub. L. 109–351, § 602(b)(1)(G), substituted “means the insured depository institution” for “means the insured bank”, “insured depository institutions” for “insured banks” in two places, and “the depository institution’s appropriate” for “the bank’s appropriate”.
Subsec. (b)(9). Pub. L. 109–351, § 602(b)(1)(C)–(E), added par. (9).
Subsec. (b)(2). Pub. L. 104–208, § 2613(b)(1), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “the term ‘bank service corporation’ means a corporation organized to perform services authorized by this chapter, all of the capital stock of which is owned by one or more insured banks;”.
Subsec. (b)(6). Pub. L. 104–208, § 2613(b)(2), substituted “company” for “corporation” and struck out “and” after semicolon at end.
Subsec. (b)(7). Pub. L. 104–208, § 2613(b)(3), added par. (7). Former par. (7) redesignated (8).
Subsec. (b)(8). Pub. L. 104–208, § 2613(b)(4), substituted “company” for “corporation” wherever appearing and “equity” for “capital stock”.
Pub. L. 104–208, § 2613(b)(3), redesignated par. (7) as (8).
1983—Subsec. (b)(4). Pub. L. 97–457 substituted “a” for “or another” after “insured bank,” and inserted reference to a financial institution insured by State law and eligible to be insured by certain Federal agencies.
1982—Subsec. (a). Pub. L. 97–320 substituted provision that this chapter may be cited as the “Bank Service Corporation Act” for provision that term “Federal supervisory agency” meant the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, or the Board of Directors of the Federal Deposit Insurance Corporation.
Subsec. (b). Pub. L. 97–320 substituted definitions of “appropriate Federal banking agency”, “bank service corporation”, “Board”, “depository institution”, “insured bank”, “invest”, and “principal investor” for provision that term “bank services” meant services such as check and deposit sorting and posting, computation and posting of interest and other credits and charges, preparation and mailing of checks, statements, notices, and similar items, or any other clerical, bookkeeping, accounting, statistical, or similar functions performed for a bank.
Subsec. (c). Pub. L. 97–320 redesignated provisions of subsec. (c) defining “bank service corporation” as (b)(2), and revised definition.
Subsec. (d). Pub. L. 97–320 redesignated provisions of subsec. (d) as (b)(6).

References: § 357
 § 357
 § 602
 § 602
 § 602
 § 602
 § 602
 § 2613
 § 2613
 § 2613
 § 2613
 § 2613