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.

  • Mutual housing corporation means a corporation not-for-profit,

  • Bancorp means Eagle Bancorp, Inc., a Maryland corporation.

  • Health Savings Account means an account as permitted under section 223 of the internal revenue code of 1986, 26 USC 223.

  • Mutual holding company means that term as defined in section 10(o) of the home owners' loan act, chapter 64, titles III and IX of Public Law 101-73, 12 U.S.C. 1467a, and OTS regulations governing mutual holding companies.

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

  • Employer / Bank means State Bank of India having its Head Office at Ground Floor, Raheja Chambers, Free Press Journal Marg, Nariman Point, Mumbai and State Bank of India, Corporate Centre, Nariman Point, Mumbai, respectively.

  • Compensation Plan means any program, plan or similar arrangement (other than employment contracts for a single individual) relating generally to compensation, pension, employment or similar arrangements with respect to which any Company, any Affiliate of any Company or any ERISA Affiliate of any of them has any obligation or liability, contingent or otherwise, under any Requirement of Law other than that of the United States.

  • 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.

  • Company 401(k) Plan has the meaning set forth in Section 6.4(e).

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Asset Management Plan means a plan created by the department and approved by the state transportation commission or a plan created by a local road agency and approved by the local road agency's governing body that includes provisions for asset inventory, performance goals, risk of failure analysis, anticipated revenues and expenses, performance outcomes, and coordination with other infrastructure owners.

  • Compensation Plans shall have the meaning set forth in Section 3.11(b).

  • income-related employment and support allowance means an income-related allowance under Part 1 of the Welfare Reform Act 2007;

  • ESBD means the Electronic State Business Daily, the electronic marketplace where State of Texas bid opportunities over $25,000 are posted. The ESBD may currently be accessed at http://www.txsmartbuy.com/sp.

  • Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.

  • 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;

  • Investment Plan means the document in terms of which the special purpose vehicle will invest in unlisted investments and all matters incidental thereto;

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Pay Plan means the scale of wages as contained in the attached Appendix “A” and the rules governing its application, as per Article 12.

  • 401(k) Plan shall have the meaning set forth in Section 6.3(a).

  • Soda fountain means a place especially equipped

  • Foreign nonprofit corporation means an entity: