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2018 California Code
Financial Code - FIN
DIVISION 2 - SAVINGS ASSOCIATION LAW
CHAPTER 4 - Powers of Associations
ARTICLE 1 - General Powers
Section 6509.
Universal Citation: CA Fin Code § 6509 (2018)
6509.
An association may act as depository for receipt of payments of federal or state taxes and loan funds, and may satisfy any related federal or state statutory or regulatory requirements, including pledging of assets as collateral, payment of interest at prescribed rates, and, notwithstanding any other provision of this division, may issue the accounts subject to the right of immediate withdrawal.
(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)
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