6.1-194.49 - (Repealed effective October 1, 2010) Accounts of state associations. - Virginia Statutes

§ 6.1-194.49. (Repealed effective October 1, 2010) Accounts of stateassociations.

Notwithstanding any restriction in its articles of incorporation limiting thenumber, kinds and classes of accounts that it may offer, a state associationmay offer such accounts, including checking accounts, time deposit accountsand savings accounts, as its board of directors may authorize from time totime. A state association may pay interest on such accounts at such ratesand under such terms and conditions as its board of directors may direct fromtime to time, subject to any restrictions and limitations imposed by state orfederal law on the payment of interest.

(1985, c. 425.)