State bank

(2)The term “State bank” means any bank, banking association, trust company, savings bank, industrial bank (or similar depository institution which the Board of Directors finds to be operating substantially in the same manner as an industrial bank), or other banking institution which— (A)is engaged in the business of receiving deposits, other than trust funds (as defined in this section); and (B)is incorporated under the laws of any State or which is operating under the Code of Law for the District of Columbia,

Source

12 USC § 1813(a)(2)


Scoping language

As used in this chapter
Is this correct? or