N.Y. Banking Law § 9-I

Current through 2024 NY Law Chapters 1-49, 52, and 61-117

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