95508. The financial institution in which an individual development account is established shall:
(a) Have no greater duties or responsibilities as to an individual development account than it has to any other savings account.
(b) Have no duty or responsibility to any withdrawal restriction established in the contract between the participant and the service provider.
(Added by Stats. 2002, Ch. 1024, Sec. 2. Effective January 1, 2003. Conditionally operative as prescribed in Section 95501.)Section: Previous 95500 95501 95502 95503 95504 95505 95506 95507 95508
Last modified: September 9, 2016