Cal. Fin. Code § 7151

Current through the 2023 Legislative Session.
Section 7151 - Redemption while association in impaired condition

Except with the prior consent of the commissioner, no association shall redeem any of its savings accounts when the association is in an impaired condition and when it has applications for withdrawal that have been on file more than 14 days and have not been reached for payment.

Ca. Fin. Code § 7151

Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.