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When an S&L is a mutual association, it means that it is owned by the ______.
When an S&L is a mutual association, it means that it is owned by the ______.
Answer
When an S&L is a mutual association, it means that it is owned by the Management.
The members elect directors to its board of trustees.
Members have no direct claim to the association's earnings and mutual associations do not issue stock shares.
Virtual Teaching Assistant: Colleen R.
Question Level: Basic
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Upload Date: 5/31/2017
This 32 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 47 views.