It is unlawful for any person, firm, company, association, partnership, society, or
corporation, either domestic or foreign, to transact business under any name or title
which contains the term “savings and loan”, or use any sign or circulate or use any
letterhead, billhead, circular, or paper whatsoever, or advertise in any manner to
indicate that its business is the character or kind of business carried on or transacted
by a savings and loan association or which is calculated to lead the public to believe
that its business is that of a savings and loan association, unless it is lawfully
authorized to do business in this state under the provisions of articles 40 to 46
of this title or its charter and is actually engaged in carrying on a savings and
loan business in this state under the provisions of said articles 40 to 46, and, upon
action brought by the commissioner, injunction will lie to restrain any person, firm,
company, partnership, society, corporation, or agent thereof from continuing to violate
any of the provisions of this section.
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