Subtitle 5. Savings and Loan Associations  


5-005. Title of law.
5-011. Definitions.
5-021. Who may incorporate -- Procedure.
5-022. Former corporations deemed incorporated under this law -- Effect on rights -- Severability.
5-024. Proof by existing association of federal insurance or private insurance meeting minimum standard -- Effect of noncompliance.
5-025. Insurance requirement for certificate of incorporation.
5-031. Commissioner to investigate -- Objections -- Approval -- Certificate issued -- Filing.
5-041. Name of association -- Use of terms in name prohibited -- Injunction.
5-051. Office -- Located where -- Change of name or location.
5-061. Branch offices -- Limits on establishment.
5-071. Corporate existence begins -- When.
5-081. General powers of association.
5-091. Books and records of association -- Reproductions.
5-101. Right to manage property to avoid loss.
5-111. Associations exempt from security sale regulations.
5-121. Publication of financial statement.
5-131. Annual report of association.
5-141. Bond of incorporators -- Conditions.
5-151. Minimum number of shares of capital stock -- Issuance.
5-161. Expense fund created -- Amount -- Repayment.
5-171. Reserve fund -- Creation -- Charges -- Credits.
5-181. Organization meeting held when.
5-191. Forfeiture of charter on failure to commence business.
5-201. Annual meetings -- Who may vote -- Quorum.
5-211. Board of directors -- Qualifications -- Election -- Vacancies, filled, how.
5-221. Bond of officers or employees handling money.
5-225. Loan to director, officer, employee, or attorney prohibited -- Exceptions.
5-231. Liability of officer or agent for fraud or neglect.
5-241. Association interest does not disqualify officer taking acknowledgment.
5-251. Acceptance of gratuity for action, a misdemeanor.
5-261. Liability of association to members -- Members not liable for losses.
5-271. Inspection of books -- Records confidential -- Exception.
5-281. Membership, withdrawal, fees -- Fines.
5-291. Savings accounts, how held -- Transfers.
5-301. Issue of stock on installment basis -- Issuance for loan purposes -- Maximum holding.
5-311. Lost or destroyed books, duplicates.
5-321. Redemption of savings accounts -- Limitation on claims.
5-331. Withdrawal of shares -- Payment for, when made -- Withdrawals by borrowing members.
5-341. Enforced withdrawal.
5-351. Matured shares.
5-361. Payment of withdrawals and accounts.
5-371. Dividends paid, when.
5-381. Savings accounts of minors.
5-391. Joint savings accounts.
5-401. Accounts of fiduciaries -- Voting powers -- Payments to beneficiaries.
5-411. Payments of account, foreign fiduciary.
5-421. Recognition of attorney-in-fact.
5-431. Investments by fiduciaries, charitable and financial institutions authorized.
5-435. Association as trustee -- Compensation -- Records.
5-441. Real estate loans, requirements -- Purposes for which made -- Additional payments.
5-451. Loans on direct reduction plan -- Pledge of stock on loan -- Interest rate -- Property improvement loans -- Participation with other lenders -- Condition for making uninsured loans.
5-461. Compliance with federal law or regulations required for property improvement loans or mobile home loans.
5-471. Loans under Servicemen's Readjustment Act.
5-481. Repayment of loans -- Credit value of borrower's shares -- Retention of shares.
5-491. Default in payment of dues -- Fine -- Forfeiture of shares -- Payments in advance.
5-501. Payment of expenses of loan -- Payments in lieu.
5-511. Priority of members for loans -- Investments -- Compensation for loans prohibited -- Loan statement.
5-521. Limits on power to borrow money.
5-531. Acquisition and ownership of real estate.
5-541. Acting as fiscal agent of U. S.
5-551. Consolidation of associations.
5-561. Federal savings and loan association, consolidation with or conversion into.
5-571. Resolution of consolidation or conversion to be filed with commissioner.
5-581. Consolidation or merger with federal association procedure -- Continuation with state association.
5-591. Transfer of property to federal association -- Rights of creditors.
5-601. Federal charter to be recorded -- Evidence.
5-611. Conversion of federal association to state association -- Procedure.
5-621. Reorganization or voluntary liquidation.
5-631. Meeting of members -- How called -- Notice.
5-641. Exhibit of affairs to be printed and filed.
5-651. Voting -- Adoption of resolution to reorganize or liquidate.
5-661. Foreign associations prohibited -- Exceptions.
5-680. Status of federal savings and loan associations -- Powers.
5-690. Commissioner and examiners to have no interest in association.
5-700. Powers of commissioner -- Form of orders.
5-702. Commissioner's power to make administrative regulations and orders.
5-705. Commissioner may authorize state associations to be competitive with federal associations.
5-710. Examination of associations -- Report -- Information confidential.
5-720. Federal examinations may be accepted -- Extra examination -- Powers of examiners.
5-730. Filing fee for reports -- Examination fees.
5-740. Violations of law or regulation -- Ordered discontinued -- Enforcement.
5-750. Conservator appointed -- When -- Procedure.
5-760. Receiver appointed when -- Federal agency as receiver -- Procedure.
5-770. No receiver or conservator for solvent association.
5-780. Declaratory judgment action as to rights.
5-790. Annual report of commissioner.
5-800. Advertising as insured institution restricted -- Penalty -- Injunction.
5-805. Passbook notice required of federally uninsured association.
5-810. Injurious statements about associations -- Penalty.
5-850. "Credit card guaranty" defined -- Requirement to insure validity.
Acquisition of Savings and Loan Associations
5-900. Definitions.
5-905. Acquisition of one or more associations wherever located -- Limitations -- Acquisition by out-of-state associations -- Merger or consolidation.
5-910. Filing of application to acquire association or holding company -- Examination of applicant -- Cooperative agreements for examination of out-of-state associations or exchange of confidential information.
Penalties
5-991. Penalties.