California Financial Code Section 7152

CA Fin Code § 7152 (2017)  

The redemption price of savings accounts redeemed shall be the full value of the account redeemed, as determined by the board of directors, but in no event shall the redemption price be less than the withdrawal value.

(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)

Last modified: October 25, 2018