12 CFR 561.16 - Demand accounts.
§ 561.16
Demand accounts.
The term demand accounts means non-interest-bearing demand deposits that are subject to check or to withdrawal or transfer on negotiable or transferable order to the savings association and that are permitted to be issued by statute, regulation, or otherwise and are payable on demand.
[54 FR 49545, Nov. 30, 1989, as amended at 58 FR 4313, Jan. 14, 1993; 62 FR 54765, Oct. 22, 1997; 70 FR 76676, Dec. 28, 2005]
Title 12 published on 2012-01-01
no entries appear in the Federal Register after this date.
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