FEDERAL · 12 U.S.C. · Chapter 41

Effect on State law

12 U.S.C. § 4007
Title12Banks and Banking
Chapter41 — EXPEDITED FUNDS AVAILABILITY

This text of 12 U.S.C. § 4007 (Effect on State law) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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12 U.S.C. § 4007.

Text

(a)In general Any law or regulation of any State in effect on September 1, 1989, which requires that funds deposited or received for deposit in an account at a depository institution chartered by such State be made available for withdrawal in a shorter period of time than the period of time provided in this chapter or in regulations prescribed by the Board under this chapter (as in effect on September 1, 1989) shall—
(1)supersede the provisions of this chapter and any regulations by the Board to the extent such provisions relate to the time by which funds deposited or received for deposit in an account shall be available for withdrawal; and
(2)apply to all federally insured depository institutions located within such State.
(b)Override of certain State laws Except as provided in subsec

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Source Credit

History

(Pub. L. 100–86, title VI, §608, Aug. 10, 1987, 101 Stat. 647.)

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12 U.S.C. § 4007, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/4007.