Statute · California Financial Code

Cal. Fin. Code § 5116 — General Definitions

Cal. Fin. Code § 5116

Type
Statute
Source
California Financial Code
Jurisdiction
California
Date
1985-09-26
Current through
Nov 2, 2026 (California Legislative Counsel)

“Savings account” means that part of the savings liability of an association that is credited to the holder of the account. A savings account may be referred to as a deposit. For the purposes of Sections 6661, 6662, and 6663 and Article 4 (commencing with Section 6725) through Article 10…

Citator

Cal. Fin. Code § 5116 — General Definitions is in force in the current edition of the Code, and nothing recorded condemns it.

“Savings account” means that part of the savings liability of an association that is credited to the holder of the account. A savings account may be referred to as a deposit. For the purposes of Sections 6661, 6662, and 6663 and Article 4 (commencing with Section 6725) through Article 10 (commencing with Section 7000), inclusive, of Chapter 5 of this division, the term “savings account” includes shares, demand accounts, savings deposits and other savings accounts of federal associations.