New York Banking Law

Sec. § 9-I*2
Prohibition on Depositor of Early Withdrawal Penalty in Certain Cases

* § 9-i. Prohibition on depositor of early withdrawal penalty in certain cases. No banking institution, as that term is defined in section nine-f of this chapter, shall impose any penalty for the repayment of a time deposit prior to maturity where the depositor has died or been declared legally incompetent. * NB There are 2 § 9-i’s

Last accessed
Dec. 13, 2016