17-5413.   Payment of earnings.Payment of earnings on savings deposits, shares or other accounts shallbe credited on the books of the association effective as of the date of theearnings payment date unless the holder thereof shall have requested andthe board of directors shall have agreed to pay such earnings on all orpart thereof in cash. Earnings in cash shall be paid on the earningspayment date and may be paid by check or bank draft.

      History:   L. 1943, ch. 133, § 71; L. 1967, ch. 129, §3; L. 1969, ch. 131, § 2; July 1.