(a) âAccount in an insured savings and loan associationâ means a savings account or mutual capital certificate of either of the following: (1) A federal association. (2) A savings association doing business in this state which is an âinsured institutionâ as defined in Title IV of the National Housing Act (12 U.S.C. Sec. 1724, et seq.). (b) As used in this section: (1) âFederal associationâ has the meaning given that term in subdivision (b) of Section 5102 of the Financial Code. (2) âMutual capital certificateâ has the meaning given that term in Section 5111 of the Financial Code. (3) âSavings accountâ has the meaning given that term in Section 5116 of the Financial Code. (4) âSavings associationâ has the meaning given that term in subdivision (a) of Section 5102 of the Financial Code.
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