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.

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us/statute/12/1813/f — Mutual savings bank · Axiom

Axiom
US Federal
Statutes
Title 12
§ 1813
(f)

Mutual savings bank

Official source

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