Section 5-5A-36

Published: 2015

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Section 5-5A-36

Section 5-5A-36Notice upon maturity of certificate of deposit issued for more than 90 days.

In the case of certificates of deposit issued for more than 90 days which are automatically renewable, a bank shall send within a reasonable period, but in no event less than five days before the next maturity, a written notice to the last known address of record.

(Acts 1980, No. 80-658, §5-5-36.)