association shall change the location of its principal office or of any branch except with the approval of the commissioner. If the proposed change is from one municipality to another the commissioner shall, and in any other case the commissioner may, hold a hearing upon the proposed change. If a hearing is held, the commissioner shall mail notice of such hearing to each association in this territory at least 10 days before such hearing, and the association requesting the commissioner’s approval shall pay him a fee of one hundred dollars ($100) before such notices are mailed.

SOURCE: GC §41108.

§ 113110. Raising Capital: Powers same as Federal Savings
Associations.
Mutual Savings and Loan Associations organized and operating under this title may raise capital in the form of such savings deposits, shares or other accounts to the same extent that a federal savings and loan association doing business in this territory could raise capital (whether or not such association is doing such business). The account holders or depositors of such a mutual association shall be members of the association and shall have such rights and obligations as are possessed by members of at federal savings and loan association that is doing business in this territory (whether or not such association is doing such business). The term mutual savings and loan association is hereby defined to mean a savings and loan association that is incorporated without provisions for the issuance of stock.
SOURCE: GC §41109 added by P.L. 17-28:4.

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