Mutual association definition

Mutual association means a mutual association licensed under section 30; (xxiii)

Mutual association means an association formed without authority to issue stock.

Mutual association means a mutual savings and loan association.

Examples of Mutual association in a sentence

• Mutual association of telephone cable (or wire) facilities with power distribution circuits, as a result of joint use or joint occupancy of poles or at crossings, involves the possibility of incidental electrical contacts between these systems.

• Mutual association is governed so that it benefits its members which might have differing interests causing conflicts of interests.

• Mutual association of inmates placed in separate cells connected into units is permitted under existing legislation after individual assessment; under §78 (5) of the Prison Code, an inmate may be permitted to engage in such mutual contact within the “D1” differentiation subgroup upon the recommendation of a pedagogue and with approval of the warden.

• Mutual association" means a savings and loan association which derives its principal capital from the savings accounts, savings deposits or other withdrawable accounts of its members and whose members have the right to participate in the management of the association.

• For example, Polish nationals were recruited as special constables in North Wales and as volunteer translators and advisors in the Polish-Welsh Mutual association.

More Definitions of Mutual 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 a corporation organized on a mutual ownership basis without shareholders.

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 is organized and operated exclusively for the

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 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 any corporation that has been incorporated to conduct the business of receiving money on deposit from its members and making substantially all of its loans on one-to-four family real estate mortgage security. The term includes a savings and loan association formed without authority to issue stock.