Savings and loan association definition

Savings and loan association means an association established under Act No. 156 of the Public Acts of 1964, as amended, being sections 489.501 to 489.920 of the Michigan Compiled Laws, or a federal savings and loan association established under the laws of the United States having its main office in this state.
Savings and loan association means a savings association that is organized under the laws of this state, a savings and loan association, building and loan association, or homestead association that is organized under the laws of any other state, the District of Columbia, or a territory or protectorate of the United States, or a federal savings association organized under the home owners' loan act, 12 USC 1461 to 1470, and whose deposits are insured by an agency of the federal government.
Savings and loan association. ’ means a savings and loan association, building and loan association, cooperative bank, homestead association, or similar institution, which is supervised and examined by State or Federal authority having supervision over any such in- stitution, and a receiver, conservator, or other liquidating agent of any such institution.

Examples of Savings and loan association in a sentence

  • Savings and loan association," "association" or "loan and building association" means a financial institution organized under the prior laws of this State that is authorized to exercise the powers set forth in Part 4, subject to the conditions and limitations on the exercise of those powers as set forth in Part 4.[PL 1997, c.

  • Savings and loan association," "association" or "loan and building association" means a financial institution organized under the prior laws of this State that is authorized to exercise the powers set forth in Part 4, subject to the conditions and limitations on the exercise of those powers as set forth in Part 4.[ 1997, c.

  • Savings and loan association deposits constitute a substantial portion of all financial institution deposits within the State of Wisconsin and these associations are now able to compete aggressively with commercial banks in the important area of consumer lending and interest-bearing checking accounts.

  • Open space, park and greenways COMMERCIAL RECREATION - Golf course and country club, Health club or gymnasium FINANCIAL - Bank, Credit union, Savings and loan association - excluding drive-through establishments HEALTH CARE - Child care (center), Health care facilities including Professional doctor office or clinic, Research, development and laboratories.

  • Savings and loan association, state or federally chartered; excluding drive-up facilities.


More Definitions of Savings and loan association

Savings and loan association means any federal savings and loan association and any “insured institution” as defined in Section 401 of the National Housing Act, as amended, and any federal credit union as defined in Section 2 of the Federal Credit Union Act.
Savings and loan association means an institution chartered or organized under the laws of this state as a savings and loan association;
Savings and loan association. ’ means a
Savings and loan association means any savings and loan association incorporated under the laws of the state of Kansas or any other state, or organized under the laws of the United States and which has a main or branch office in Kansas;
Savings and loan association means a savings and loan association or savings bank, whether organized under the laws of this state, another state, or another country, or under federal law.
Savings and loan association means any federal savings
Savings and loan association means a savings and loan association incorporated under the laws of this state or organized under the laws of the United States or another state, insured by the federal deposit insurance corporation or its successor and having a main or branch office in the county in which a state agency making collection of any fees, tuition or charges is located.