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

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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