Section 215.16. Savings account earnings.

Latest version.

Subject to the rules of the division, the board of directors of an association may:

(1) Declare or contractually fix one or more rates of earnings on savings accounts.

(2) Prescribe the methods for computing, and the time and manner of crediting or paying, earnings on savings accounts.

1971 c. 229 ; 1973 c. 205 ; 1975 c. 359 ; 1983 a. 167 ; 1995 a. 27 .

                    
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