Stock savings bank definition

Stock savings bank means a savings bank for which the articles of incorporation authorize the issuance of capital stock.
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Stock savings bank means a savings bank that is authorized by its articles of incorporation to issue capital stock.
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Stock savings bank means a state savings bank owned by holders of capital stock and organized under this chapter.
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More Definitions of Stock savings bank

Stock savings bank means a savings bank owned by holders of capi- tal stock and operating under this act.
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Stock savings bank means a bank organized under Chapter
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Stock savings bank means a savings bank owned by holders of capital stock and operating under this act.
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Related to Stock savings bank

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

  • Medical savings account means an account exempt from federal income taxation pursuant to Section 220 of the United States Internal Revenue Code (26 U.S.C. § 220).

  • Dividend Reinvestment Plan means a regular dividend reinvestment or other plan of the Corporation made available by the Corporation to holders of its securities where such plan permits the holder to direct that some or all of: (i) dividends paid in respect of shares of any class of the Corporation; (ii) proceeds of redemption of shares of the Corporation; (iii) interest paid on evidences of indebtedness of the Corporation; or (iv) optional cash payments; be applied to the purchase from the Corporation of Voting Shares;