R.C.S.A. § 36a-446-4
Term share account procedures (Repealed)
Cite as Conn. Agencies Regs. § 36a-446-4
The following procedures shall be implemented by Connecticut credit unions offering
term shares:
(1) Each member having a term share account shall be given notice before maturity
of the member's term share account in accordance with 12 C.F.R. section 707.5, as
from time to time amended.
(2) Dividends on term share accounts may be withdrawn at any time without penalty.
(3) Life savings insurance shall not be provided on term share accounts unless the
written agreement with the member specifies that such insurance coverage is provided.