§ 9-313. Savings share accounts

Latest version.

(a) Authority to issue. -- If its charter or bylaws provide, a savings and loan association that is not a deposit association may issue savings share accounts.

(b) Unlimited number of shares. -- Notwithstanding any provision in its charter or bylaws before July 1, 1980 on the number of savings share accounts, a savings and loan association that is not a deposit association may accept subscriptions and payment for an unlimited number of savings share accounts without other corporate action.

HISTORY: CA § 6-212; 1980, ch. 856; 1986, ch. 282.

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');