Current through 2024 Act No. 225.
Section 34-30-1000 - Membership of mutual state savings banks(A) The membership of a mutual state savings bank consists of those who: (1) hold deposit accounts in the state savings bank, and(2) borrow funds and those who become obligated on a loan from the state savings bank, for as long as the loan remains unpaid and the borrower remains liable to the state savings bank for the payment of the loan.(B) A person, as a matter of right or in a trust or other fiduciary capacity, or any partnership, association, corporation, political subdivision, or public or governmental unit or entity may become a member of a mutual state savings bank. Members must be possessed of voting rights and other rights as are provided by a state savings bank's articles of incorporation and bylaws as approved by the board.1997 Act No. 90, Section 1, eff 6/10/1997.