Mutual savings and loan association definition

Mutual savings and loan association means a savings and loan association that is not authorized by its articles of incorporation to issue capital stock.
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Mutual savings and loan association means an institution chartered or organized under the laws of this state as a savings and loan association without capital stock;
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Mutual savings and loan association means a savings and loan association or savings and loan bank without stock in which the borrowers and depositors are members of the savings and loan association or savings and loan bank and have voting rights as members of the association or bank;
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More Definitions of Mutual savings and loan association

Mutual savings and loan association means a savings and loan association for which the articles of incorporation do not authorize the issuance of common or preferred stock.
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Related to Mutual savings and loan association

  • Savings and loan association means an association established under Act No. 156 of the Public Acts of 1964, as amended, being sections 489.501 to 489.920 of the Michigan Compiled Laws, or a federal savings and loan association established under the laws of the United States having its main office in this state.

  • Master association means an organization that is authorized to exercise some or all of the powers of one or more associations on behalf of one or more common interest communities or for the benefit of the unit owners of one or more common interest communities.

  • Judicial Council’s Master Account means the Judicial Council’s billing account to which the Contractor is authorized to charge specifically identified charges under this Agreement.

  • Non-Participating Home Infusion Therapy Provider means a Home Infusion Therapy Provider who does not have a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Participating Home Infusion Therapy Provider means a Home Infusion Therapy Provider who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Non-Administrator Hospital means a Hospital that does not meet the definition of an Administrator Hospital.