Mutual savings bank definition

Mutual savings bank means a savings bank for which the articles of incorporation do not authorize the issuance of common or preferred stock.
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Mutual savings bank means a savings bank that is not authorized by its articles of incorporation to issue capital stock.
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Mutual savings bank means a state savings bank organized in mutual form under this chapter.
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Examples of Mutual savings bank in a sentence

  • The messenger service may be owned and operated by 1 or more depository institutions or affiliates or by a third party.(e) "Mobile branch" means a branch in which the location of the physical structure of the branch is moved from time to time.(f) "Mutual savings bank" means a savings bank for which the articles of incorporation do not authorize the issuance of common or preferred stock.(g) "National bank" means a bank chartered by the federal government under the national bank act, chapter 106, 13 Stat.

  • Forand the Instructions for Schedule O for Mutual savings bank conducting life this purpose, taxable income does notmore information.

  • In other words it strongly supported the hyper-centraliza- tion process of the financial oligopolies’ power over the ownership structures of capital which became increasingly concentrated (Lehman Brothers was taken over by Citigroup, Merrill Lynch by the Bank of America, the Washington Mutual savings bank by Morgan, etc.).

  • Mutual savings bank The term “mutual savings bank” means a bank without capital stock transacting a savings bank business, the net earnings of which inure wholly to the benefit of its depositors after payment of obligations for any advances by its organizers.

  • Mutual savings bank] The membership of the savings bank shall consist solely of every depositor or holder of a deposit account issued by the savings bank.

  • Deposit account holders and borrowers in a State mutual25 savings bank.26 (20) Mutual savings bank.

  • The existing solvency assessment model (CAEL) is being improved in collaboration with outside experts for MSBs, while a new multi-model risk assessment system called MuREX (Mutual savings bank Risk Evaluation eXpert system), is under development and near completion.

  • A successful but still lone example in Austria is the so-called “Zweite Sparkasse” (second savings bank) that has the legal form of a Mutual savings bank.

  • Mutual savings bank, Post office saving, commercial saving banks etc.

  • Was the tablet easy to use?Please tick the box that applies where 1= very hard; 7= very easy4.


More Definitions of Mutual savings bank

Mutual savings bank means a savings bank owned by the members of the savings bank and operating under this act.
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Mutual savings bank means (i) a depository bank that is organized under the laws of this state, is owned by its depositors and has corporators who elect directors and vote on corporate matters as provided in RSA 383-B:6-605(a), or (ii) a depository bank that was organized as a mutual savings bank under the prior laws of this state.
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Mutual savings bank means a savings bank not authorized to issue capital stock.
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Mutual savings bank means (i) a depository bank that is organized under
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Mutual savings bank means any savings bank organized pursuant to the provisions of P.L.1948, c.67 (C.17:9A-1 et seq.) without capital stock.
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Related to Mutual savings bank

  • Savings bank means a state banking corporation organized or reorganized under this act.

  • Nonprofit corporation means a nonstock corporation organized under ch. 181 that is a nonprofit corporation, as defined in s. 181.0103 (17).

  • Community basin means an infiltration system, sand filter designed to infiltrate, standard constructed wetland, or wet pond, established in accordance with N.J.A.C. 7:8-4.2(c)14, that is designed and constructed in accordance with the New Jersey Stormwater Best Management Practices Manual, or an alternate design, approved in accordance with N.J.A.C. 7:8-5.2(g), for an infiltration system, sand filter designed to infiltrate, standard constructed wetland, or wet pond and that complies with the requirements of this chapter.

  • Community-based means a facility, program or service, or open group home or other suitable place located near the home or family of the juvenile, and programs of community supervision and service which maintain community participation in their planning, operation, and evaluation. These programs may include but are not limited to medical, educational, vocational, social, and psychological guidance, training, counseling, alcoholism treatment, drug treatment, diversion programs for first-time offenders, transitional living, independent living and other rehabilitative services;