Term share account agreements (Repealed)

All term share accounts shall be evidenced by A written agreement between the member and the Connecticut credit union. Any such agreement shall include, but not be limited to: (1) Any penalty for the premature withdrawal of term shares; (2) the maturity date; (3) the Connecticut credit union's renewal policy; (4) the dividend rate and the method of determining and paying dividends on term shares; and (5) a statement as to the availability of life savings insurance. Any such agreement may be incorporated with the disclosures required pursuant to 12 C.F.R. Part 707, as from time to time amended.