bewellplus.gsu.edu
Alexannedski Alexannedski
  • 25-02-2016
  • Business
Answered

When an S&L is a mutual association, it means that it is owned by the ______.

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taskmasters
taskmasters taskmasters
  • 09-03-2016

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.

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