SEC. 81-14-357. Deposit accounts.

(1) Every savings bank shall be authorized to solicit deposits from any person, natural or corporate, except as restricted or limited by law, or by such regulations as the commissioner may prescribe.

(2) Savings banks may receive deposits of funds upon such terms as the contract of deposit shall provide to establish methods of withdrawals.

SOURCES: Laws, 1992, ch. 489, Sec. 87, eff from and after passage (approved May 8, 1992).

1997 Amendment

Reenacted.

SOURCE: 1997 Laws, Chapter 364, Sec. 89, HB389, Effective July 1, 1997.