Title 7, Chapter 1, Section 783
Any building and loan association or corporation which has converted
itself prior to April 1, 1975, into a savings and loan association
under the Home Owners' Loan Act of 1933 and has received a charter
from the Federal Home Loan Bank Board shall be recognized as a
savings and loan association, and its federal charter shall be given
full credence by the courts of this state to the same extent as if
such conversion had taken place under this article.