17-5569

Chapter 17.--CORPORATIONS
Article 55.--SAVINGS AND LOAN CODE; POWERS

      17-5569.   Same; unauthorized transactions; liability.The amount of a depositor's liability for an unauthorized transaction ora series of unauthorized transactions by a machine readable instrumentshall not exceed $50, unless the depositor fails to notify the savings andloan association withinfour business days after learning of the loss or theft of the machinereadable instrument, then the depositor's liability shall not exceed $300.

      History:   L. 1975, ch. 128, § 6;L. 1987, ch. 55, § 2; July 1.