GroundRules
FIN § 1521
Where this section sits in the code
- Financial Code - FIN
- DIVISION 1.1. BANKING [1000. - 1910.]
- CHAPTER 14. Loans and Investments [1460. - 1522.]
- ARTICLE 5. Miscellaneous [1520. - 1522.]
A commercial bank accepting savings deposits shall provide by its bylaws or by contract with its savings depositors the time and condition on which repayment is to be made to such depositors. The bank shall not waive any requirement of notice before payment of any savings deposit except as to all savings deposits.
Whenever there is any call by savings depositors for repayment of a greater amount than the bank may have disposable for that purpose, the bank must not make any new loan or investment until such excess call has ceased.
Collected 2026-09-14T05:56:33Z. Source file · JSON