214.025 Insurance of accounts.

214.025

214.025 Insurance of accounts. A savings bank shall secure insurance of its deposit accounts by a deposit insurance corporation before commencing business and may, subject to rules of the division, obtain insurance of deposits in excess of the amount eligible for insurance by a deposit insurance corporation.

214.025 - ANNOT.

History: 1991 a. 221; 1995 a. 27.