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2025 California Code
Financial Code - FIN
DIVISION 2 - SAVINGS ASSOCIATION LAW
CHAPTER 5 - Savings Operations
ARTICLE 13 - Redemption
Section 7150.
Universal Citation:
CA Fin Code § 7150 (2025)
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7150. At any time funds are on hand for the purpose, an association shall have the right to redeem by lot or otherwise, as the board of directors may determine, all or any part of any of its savings accounts on an interest date by giving 30 days’ notice by registered mail addressed to each affected account holder at the holder’s last address as recorded on the books of the association.
(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)
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