12 CFR 390.299
§ 390.299 Nonwithdrawable account.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 390.299, § 390.299 Nonwithdrawable account, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47265
- Permanent ID
ys:prov:47265@1- SHA-256
05fbff0a2fdf6eae05610e922626151e9eff4d1bb9247d87e55c6d663f8fa9bc
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Full text
The term nonwithdrawable account means an account which by the terms of the contract of the accountholder with the State savings association or by provisions of state law cannot be paid to the accountholder until all liabilities, including other classes of share liability of the State savings association have been fully liquidated and paid upon the winding up of the State savings association is referred to as a nonwithdrawable account.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.