Savings and Loan Association

The term savings and loan association is hereby, defined to mean any incorporated stock institution or mutual association which shall have been incorporated to conduct, or shall be engaged in conducting the business of receiving and lending money in accordance with provisions of this Act, or shall have heretofore been incorporated to conduct the of business of receiving and lending money in accordance with the provisions of any Act or Acts, or part or parts of any Act or Acts, of which this Act is a continuation or amendment.