Statutes, codes, and regulations
Consolidated Laws of New York
Chapter - BANKING
Article 1 - SHORT TITLE; DEFINITIONS; MISCELLANEOUS PROVISIONS
Section 9-I - [Multiple versions] Prohibition on depositor of early withdrawal penalty in certain cases

N.Y. Banking Law § 9-I

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Current through 2024 NY Law Chapter 457
Section 9-I - [Multiple versions] Prohibition on depositor of early withdrawal penalty in certain cases

No banking institution, as that term is defined in section nine-f of this chapter, shall impose any penalty for the repayment of a time deposit prior to maturity where the depositor has died or been declared legally incompetent.

N.Y. Banking Law § 9-I