§1205.  Who may hold capital


Capital stock of a savings bank may be held:


(1)  By any individual in his own right, regardless of age or marital status, or by two or more such individuals;


(2)  By a fiduciary when authorized by law;


(3)  By a government or governmental instrumentality when authorized by law; and


(4)  By any corporation or other person when not prohibited by law.


Acts 1990, No. 816, §1, eff. Sept. 1, 1990.