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Current as of January 01, 2025 | Updated by Findlaw Staff
“Savings account” means that part of the savings liability of an association that is credited to the holder of the account. A savings account may be referred to as a deposit. For the purposes of Sections 6661, 6662, and 6663 and Article 4 (commencing with Section 6725) through Article 10 (commencing with Section 7000), inclusive, of Chapter 5 of this division, the term “savings account” includes shares, demand accounts, savings deposits and other savings accounts of federal associations.
Cite this article: FindLaw.com - California Code, Financial Code - FIN § 5116 - last updated January 01, 2025 | https://codes.findlaw.com/ca/financial-code/fin-sect-5116/
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