§ 6.1-194.134. Rules governing withdrawal
A. The holder of an account in a state savings bank shall have the right to withdraw all or any part of his account provided that the state savings bank shall have the right to establish the rules governing the withdrawals and may, from time to time, fix the period of notice required to be given for withdrawal. In no event shall a state savings bank delay or postpone the whole or partial payment of the value of any savings account pursuant to a written withdrawal application by the account holder for a period exceeding thirty days following the receipt of such application without first securing written permission from the Commissioner.
B. The holder of a federal tax and loan account or note account as defined in the regulations of the United States Treasury Department shall have the right of immediate withdrawal of all or any part of such account. In no event shall a state savings bank delay or postpone the whole or partial payment of such an account pursuant to a written application by the account holder.
(1991, c. 230.)
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