Mutual association definition
Mutual association means a corporation organized on a mutual ownership basis without shareholders.
Mutual association means an association formed without authority to issue stock.
Mutual association means a mutual association licensed under section 30;
More Definitions of Mutual association
Mutual association means a mutual savings and loan association.
Mutual association means a mutual savings and loan association organized under this subchapter and any domestic or foreign predecessor of the mutual association where the predeces- sor mutual association’s existence ceased upon the consummation of a merger or other transaction.
Mutual association means an association which is organized and operated exclusively for the
Mutual association means an association which is organized on a mutual ownership basis and does not have authority to issue capital stock.
Mutual association means an association which derives its principal capital from the deposit accounts of its members and whose members have the right to participate in the management of the association. The term includes any association organized or existing under prior laws of this state. A mutual association is not a deposit association unless and until it becomes qualified as such;
Mutual association means all mutual savings and loan associations owned by members of the association, and organized under the provisions of this Chapter or its predecessor for the primary purpose of promoting thrift and home financing.
Mutual association means any State association