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Session Laws

1985

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CHAPTER 509 AN ACT FURTHER REGULATING THE PAYMENT OF DIVIDENDS AND RATES IN CREDIT UNIONS.

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

Section 25 of chapter 171 of the General Laws, as appearing in the 1984 Official Edition, is hereby amended by striking out the third, fourth and fifth paragraphs and inserting in place thereof the following paragraph:-

Dividends may be paid at various rates based on the type and amount of an account or on the terms and conditions applicable to said accounts.

Approved November 20, 1985.