12 CFR 229.43 - Checks payable in Guam, American Samoa, and the Northern Mariana Islands.
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(a) Definitions. The definitions in § 229.2 apply to this section, unless otherwise noted. In addition, for the purposes of this section—
(1) Pacific island bank means an office of an institution that would be a bank as defined in § 229.2(e) but for the fact that the office is located in Guam, American Samoa, or the Northern Mariana Islands;
(2) Pacific island check means a demand draft drawn on or payable through or at a Pacific island bank, which is not a check as defined in § 229.2(k).
(b) Rules applicable to Pacific island checks. To the extent a bank handles a Pacific island check as if it were a check defined in § 229.2(k), the bank is subject to the following sections of this part (and the word “check” in each such section is construed to include a Pacific island check)—
(1) § 229.31, except that the returning bank is not subject to the requirement to return a Pacific island check in an expeditious manner;
(2) § 229.32;
(5) § 229.36(d);
(6) § 229.37;
(7) § 229.38(a) and (c) through (h);
(8) § 229.39(a), (b), (c) and (e); and
(9) §§ 229.40 through 229.42.
Title 12 published on 2015-01-01.
No entries appear in the Federal Register after this date, for 12 CFR Part 229.