Legislation

Search OpenLegislation Statutes

previous
  • SECTION 394
    Joint shares; shares of minors; shares in trust
    • up
  • ARTICLE 10
    Savings and Loan Associations
    • next
  • SECTION 396
    Change of location; change of designation of principal office; maintenance of branch office
    • Viewing most recent revision (from 2014-09-22)

    SECTION 395

    Alternative provisions relative to payment of interest to shareholders

    Banking (BNK) CHAPTER 2, ARTICLE 10

    § 395. Alternative provisions relative to payment of interest to
    shareholders. Notwithstanding any provision of this chapter to the
    contrary the superintendent may adopt such rules or regulations as shall
    permit mutual savings and loan associations to pay interest on share
    accounts at the option of such association.