Statute · California Government Code

Cal. Gov't Code § 95508 — CALIFORNIA SAVINGS AND ASSET PROJECT

Cal. Gov't Code § 95508

Type
Statute
Source
California Government Code
Jurisdiction
California
Date
2003-01-01
Current through
Nov 2, 2026 (California Legislative Counsel)

The financial institution in which an individual development account is established shall:

Citator

Cal. Gov't Code § 95508 — CALIFORNIA SAVINGS AND ASSET PROJECT is in force in the current edition of the Code, and nothing recorded condemns it.

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.