FEDERAL · 12 U.S.C. · Chapter 41
Effect on State law
Current through Pub. L. 119-102
(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.)