Section 9-314 - Deposit association.
§ 9-314. Deposit association.
(a) In general.- Only a deposit association may issue savings deposit accounts.
(b) Authority to become deposit association.- A savings and loan association may become a deposit association if:
(1) Its charter or bylaws provide; and
(2) The Division Director approves.
[1980, ch. 856; 1986, ch. 282.]