17-5501c


Chapter 17.--CORPORATIONS


Article 55.--SAVINGS AND LOAN CODE; POWERS

     
17-5501c.   Authority to accept and pledge security for U.S. treasury
tax and loan accounts.

Any savings and loan association shall have the power and
authority to accept and maintain treasury tax and loan accounts of the United
States, the balance in which is payable on demand without previous notice
of intended withdrawal, and to pledge collateral to secure treasury tax
or loan accounts in accordance with regulations of the department of the
treasury of the United States.

     
History:   L. 1979, ch. 60, § 1; April 14.