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.
2014. Powered by KLISS. Rendered: 2014-12-21T11:14:49. Head Rev No: 351364