New York Banking Law

Sec. § 129
Requirement of Notice on Withdrawal of Certain Time Deposits; Notice to Superintendent

§ 129. Requirement of notice on withdrawal of certain time deposits; notice to superintendent. In the event that any bank or trust company shall elect to require that thirty or more days’ notice be given before time deposits payable only on presentation of a passbook may be withdrawn the bank or trust company shall upon the day such election is made notify the superintendent thereof by telephone or telegraph.

Last accessed
Dec. 13, 2016