(a) “Account in an insured savings and loan association” 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 “insured institution” 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) “Federal association” has the meaning given that term in subdivision (b) of Section 5102 of the Financial Code.
(2) “Mutual capital certificate” has the meaning given that term in Section 5111 of the Financial Code.
(3) “Savings account” has the meaning given that term in Section 5116 of the Financial Code.
(4) “Savings association” has the meaning given that term in subdivision (a) of Section 5102 of the Financial Code.
(Enacted by Stats. 1990, Ch. 79.)