§ 6:805 — Withdrawal of savings accounts and shares

A. Except as otherwise provided in the instrument or document evidencing a savings account or shares, any member, depositor, or his authorized representative, or a person authorized by law may present at any time a written application for withdrawal of all or any part of his unpledged savings accounts or shares. This application shall be filed at any office of the association and shall request immediate withdrawal of a stated amount in accordance with this Part.
B. Any member or depositor may cancel his application at any time in full or in part by submitting such cancellation in writing.
C. Every association may number, date, and file in the order of actual receipt every withdrawal application.
D. No member or depositor shall have on file in any one association more than one application for the withdrawal of savings accounts or shares.

Legislative History

Acts 1970, No. 234, §1. Acts 1983, No. 675, §1.