(a) A depositor of a savings bank may withdraw the deposit as the bylaws of the savings bank permit. (b) The bylaws of a savings bank: (1) May require a depositor to give notice of an intent to withdraw any part of a deposit; and (2) May not require more than 90 days’ notice.
(a) (1) Unless a savings bank has the prior approval of the Commissioner, the total amount of all of its outstanding debts, other than those incurred for purposes of repaying its depositors, may not exceed 5 percent of its deposits. (2) When the directors of a savings bank authorize it to borrow money for which approval is required, […]
(a) In this section, “federal act” means: (1) The federal Self-Employed Individuals Tax Retirement Act of 1962; or (2) The federal Employee Retirement Income Security Act of 1974. (b) A savings bank may act as trustee of a plan under either federal act, as provided in this section. (c) A savings bank may: (1) Accept a trust under a plan that: […]
