12 C.F.R. § 561.31   Nonwithdrawable account.


Title 12 - Banks and Banking


Title 12: Banks and Banking
PART 561—DEFINITIONS FOR REGULATIONS AFFECTING ALL SAVINGS ASSOCIATIONS

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§ 561.31   Nonwithdrawable account.

The term nonwithdrawable account means an account which by the terms of the contract of the accountholder with the 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 savings association have been fully liquidated and paid upon the winding up of the savings association is referred to as a nonwithdrawable account.

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