Current with changes from the 2024 Legislative Session
Section 9-313 - Savings share accounts(a) If its charter or bylaws provide, a savings and loan association that is not a deposit association may issue savings share accounts.(b) Notwithstanding any provision in its charter or bylaws before July 1, 1980 on the number of savings share accounts, a savings and loan association that is not a deposit association may accept subscriptions and payment for an unlimited number of savings share accounts without other corporate action.