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Minnesota Statutes Banking (Ch. 46-59) § 47.27. Definitions

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Subdivision 1. Scope.  Unless the language or context clearly indicates that a different meaning is intended, the words, terms, and phrases defined in subdivisions 2, 3 and 4, shall, for the purposes of sections 47.27 to 47.30, be given the meanings subjoined to them.

Subd. 2. Savings bank.  “Savings bank” shall have the meaning set forth in sections 47.01 and 47.02.

Subd. 3. Savings association.  “Savings association” shall have the meaning set forth in section 51A.02, subdivision 7.

Subd. 4. Federal association.  “Federal association” means a savings association, savings and loan association or savings bank organized under that certain act of Congress known as The Home Owners Loan Act of 1933,  1 and acts amendatory thereof.

1  12 U.S.C.A. §§ 1461 to 1468.

Cite this article: - Minnesota Statutes Banking (Ch. 46-59) § 47.27. Definitions - last updated January 01, 2018 |

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