Sec. 06.15.150 Surplus Requirements.
The department may not issue a charter until there is deposited not less than $50,000 in cash to the credit of the mutual bank....
Sec. 06.15.160 Additions to Surplus.
As soon as practicable after the close of each fiscal year during its first 10 years of operation, each mutual bank shall credit to...
Sec. 06.15.180 Borrowing.
A mutual bank may borrow from any source and in any manner amounts without limit that are required to satisfy its obligations to its...
Sec. 06.15.190 Deposits.
A mutual bank may accept savings deposits to be held solely and absolutely in its own right by or in trust or other fiduciary...
Sec. 06.15.220 Interest on Deposits.
A mutual bank may pay interest on deposits from net earnings and undivided profits at the rates and intervals that its trustees approve.
Sec. 06.15.230 Withdrawal of Deposits.
A mutual bank may at a time by resolution of its board of trustees require that up to 90 days' advance notice be given...
Sec. 06.15.240 Investments Authorized.
Subject to the provisions of this chapter and regulations under this chapter, a mutual bank may invest in(1) obligations of the United States and...
Sec. 06.15.250 Investment in First Mortgages.
(a) Subject to the provisions of this chapter and regulations under this chapter, a mutual bank may invest in first mortgages on unencumbered real...
Sec. 06.15.260 Investment in Bankers' Acceptances.
Subject to the provisions of this chapter and regulations under this chapter a mutual bank may invest in bankers' acceptances that have been accepted...
Sec. 06.15.280 Investment in Promissory Notes.
Subject to the provisions of this chapter and regulations under this chapter, a mutual bank may invest in a promissory note, subject to the...