§ 9-301. Member

Latest version.

   (a) "Member" defined. -- A member of a savings and loan association means a holder, as shown on the association's records, of:

   (1) One or more savings accounts, as to a mutual association; and

   (2) One or more shares of capital stock, as to a capital stock association.

(b) Multiple holders. --

   (1) Multiple holders of a single account or share of capital stock shall be considered a single member.

   (2) Notice to one holder of a multiple name account or share of capital stock is sufficient notice to all holders.

HISTORY: CA § 6-219; 1980, ch. 856; 1986, ch. 282.

                    
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