La. Admin. Code tit. 10 § V-503

Current through Register Vol. 50, No. 11, November 20, 2024
Section V-503 - Definitions
A. As used in these rules:

Applicant- a mutual savings and loan association incorporated under the laws of the state of Louisiana which is applying to the Louisiana Commissioner of Financial Institutions, in his capacity as supervisor of Louisiana-chartered savings and loan associations, to convert to a capital stock savings and loan association.

Capital Stock Association- an association incorporated under the provisions of the Louisiana Capital Stock Association Law.

Commissioner- the Louisiana Commissioner of Financial Institutions in his capacity as supervisor of Louisiana-chartered savings and loan associations, or his successor.

FSLIC- the Federal Savings and Loan Insurance Corporation.

Mutual Association- a savings and loan association organized and operated on a mutual basis under the provisions of Parts I through XVI of Chapter 9 of Title 6 of the Louisiana Revised Statutes of 1950.

La. Admin. Code tit. 10, § V-503

Promulgated by the Department of Commerce, Office of Financial Institutions, LR 6:714 (December 1980).
AUTHORITY NOTE: Promulgated in accordance with R.S. 6:948.