§ 95508
54 words·~1 min read·
/ca/government-code/95508A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.