RS 6:1259
The board of directors may enforce retirement of eligible withdrawable accounts if the bylaws allow it and the account is not pledged as loan security. The holder must get 30 days’ notice and, after that period, no longer gets further interest but must be paid the withdrawal value plus any additional equitable interest
- Jurisdiction
- United States — Louisiana
- Instrument
- Act or statute
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
Statute overview
About this statute
The board of directors may enforce retirement of eligible withdrawable accounts if the bylaws allow it and the account is not pledged as loan security. The holder must get 30 days’ notice and, after that period, no longer gets further interest but must be paid the withdrawal value plus any additional equitable interest, minus unpaid charges.
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RS 6:1259
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