12 U.S.C. § 1444
Sections in this chapter
- § 1
- § 2
- § 3
- § 1421
- § 1422
- § 1422b
- § 1423
- § 1424
- § 1425b
- § 1426
- § 1426a
- § 1427
- § 1428
- § 1428a
- § 1429
- § 1430a
- § 1430c
- § 1430b
- § 1430
- § 1431
- § 1432
- § 1433
- § 1434
- § 1435
- § 1436
- § 1437
- § 1438
- § 1438a
- § 1439a
- § 1440a
- § 1440
- § 1441a
- § 1441
- § 1441b
- § 1442
- § 1442a
- § 1443
- § 1444
- § 1445
- § 1446
- § 1447
- § 1448
- § 1449
- § 1451
- § 1452
- § 1453
- § 1454
- § 1455
- § 1456
- § 1457
- § 1458
- § 1459
§ 1444. Eligibility to membership in banks
- (a) Any organization organized under the laws of any State and subject to inspection and regulation under the banking or similar laws of such State shall be eligible to become a member under this chapter if—
- (1) it is organized solely for the purpose of supplying credit to its members;
- (2) its membership (A) is confined exclusively to building and loan associations, savings and loan associations, cooperative banks, and homestead associations; or (B) is confined exclusively to savings banks; and
- (3) of the institutions to which its membership is confined which are organized within the State, its membership includes a majority of such institutions.
- (b) In all respects, but subject to such additional rules and regulations as the Director may provide, any such organization shall be a member for the purposes of this chapter.
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