§ 5-5A-36 — Notice 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.

Legislative History

(Acts 1980, No. 80-658, §5-5-36.)