Chapter 30. Negotiable Order of Withdrawal Accounts


Section 30.1. Definitions
Section 30.2. Rules governing NOW accounts

Notation

Authority

   The provisions of this Chapter 30 issued under sections 201 and 202 of the Department of Banking Code (71 P. S. § §  733-201 and 733-202); and section 103(a)(v)—(ix) of the Banking Code of 1965 (7 P. S. §  103(a)(v)—(ix)), unless otherwise noted.

Source

   The provisions of this Chapter 30 adopted March 11, 1977, effective March 12, 1977, 7 Pa.B. 699, unless otherwise noted.

Notes of Decisions

   NOW accounts do not contravene the Banking Code and the Department of Banking did not exceed its rulemaking authority in promulgating the regulations allowing mutual savings banks to offer them. Pennsylvania Bankers Association v. Secretary of Banking, 392 A.2d 1319 (Pa. 1978).