mutual association

mutual association. A mutually owned, cooperative savings and loan association, with the deposits being shares of the association. • A mutual association is not allowed to issue stock and is usu. regulated by the Office of Thrift Supervision, an agency of the U.S. Treasury Department. See SAVINGS-AND-LOAN ASSOCIATION . [Cases: Building and Loan Associations

1. C.J.S. Building and Loan Associations, Savings and Loan Associations, and Credit Unions §§ 2–4.]


专业法律词汇 词条贡献者
双语律师Andrew,欧洲名校国际税法专业,擅长翻译各类与国际税法相关的法律文件。
Scroll to Top