12 U.S.C. § 1466a : US Code - Section 1466A: District associations

Search 12 U.S.C. § 1466a : US Code - Section 1466A: District associations

(a) In general
The Director shall, with respect to all incorporated or
unincorporated building, building or loan, building and loan, or
homestead associations, and similar institutions, of or transacting
or doing business in the District of Columbia, or maintaining any
office in the District of Columbia (other than Federal savings
associations), have the same powers and functions as to
examination, operation, and regulation as the Director has with
respect to Federal savings associations.
(b) Additional powers
Any such association or institution incorporated under the laws
of, or organized in, the District of Columbia shall have in
addition to any existing statutory authority such statutory
authority as is vested in Federal savings associations.
(c) Charter amendments
Charters, certificates of incorporation, articles of
incorporation, constitutions, bylaws, or other organic documents of
associations or institutions referred to in subsection (b) of this
section may, without regard to anything contained therein or
otherwise, be amended in such manner and to such extent and upon
such votes if any as the Director may by regulation or otherwise
provide.
(d) Limitation
Nothing in this section shall cause, or permit the Director to
cause, District of Columbia associations to be or become Federal
savings associations, or require the Director to impose on District
of Columbia associations the same regulations as are imposed on
Federal savings associations.