1151.23 Withdrawal of deposits.
1151.23 Withdrawal of deposits.
(A) A savings and loan association may permit withdrawal of deposits upon such terms as it provides.
(B) A savings and loan association may permit withdrawals by negotiable order of withdrawal as authorized in the “Consumer Checking Account Equity Act of 1980,” 94 Stat. 146, 12 U.S.C. 1832(a), and any amendments or regulations promulgated pursuant thereto. An association may extend secured or unsecured credit in the form of overdraft privileges related to deposits subject to withdrawal under divisions (A) and (B) of this section.
Effective Date: 09-03-1984