§ 7150
70 words·~1 min read·
/ca/financial-code/7150A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
At any time funds are on hand for the purpose, an association shall have the right to redeem by lot or otherwise, as the board of directors may determine, all or any part of any of its savings accounts on an interest date by giving 30 days’ notice by registered mail addressed to each affected account holder at the holder’s last address as recorded on the books of the association.