Title 11, Finance and Taxation

(a) Every association shall have power to issue shares and investment certificates to one or more persons or corporations as trustee or guardian for another or for others. The association shall not be liable to beneficiaries or wards for moneys paid to their trustees or guardians…

(a) In the case of any attachment levied upon any shares or investment certificates of any association or upon any debts owing by any association, the copy of writ and notice must be left, if such association maintains branches, with the manager or any other officer of such assoc…

Any notice which an association is required or shall desire to give to any of its investors may be given either by personal service thereof upon such investor or by mailing the same, postage prepaid, addressed to such investor at his last post office address given by such investo…

(a) No transfer or encumbrance of investment certificates or shares issued by an association shall be effective as to such association until written notice of such transfer or encumbrance shall have been given to the office of the association at which such investment certificates…

The rate of return on shares and investment certificates: (a) Which do not provide for a definite rate of return thereon shall be determined by the Board of Directors of the association during, or within thirty (30) days before the beginning of, or within thirty (30) days after t…

Provision for Definite Return Thereon. (a) No association may issue shares or investment certificates with provision for a definite rate of return thereon; provided, however, that nothing contained in this section shall be deemed to forbid any association from (a) issuing shares …

Investment certificates, if issued by an association which is an insured institution as defined in Title IV of the National -Housing Act, shall be acceptable and may be used as security for the faithful performance of any public or private trust or obligation. Shares, if issued b…

COL4122017 Certificates evidencing shares or investment certificates shall be manually signed by one or more officers or employees who shall be authorized to execute such certificates by the by-laws or by the board of directors. SOURCE: GC § 41411.

(a) Notice to any association of an adverse claim (the person making such adverse claim being hereafter in this section called adverse claimant) to shares or investment certificates standing on its books the credit of, or to personal property held for the account of, any person m…

(a) Shares or Savings Account. In the event there has been no activity of deposits or withdrawals, and no contact has been made by the holder of a share or savings account with the association for five (5) years, the association shall transfer the balance of such account to the T…

(a) Definitions. As used in this Section, unless the context otherwise requires: (1) Apparent owner means the person who appears from the records of the holder to be entitled to property held by the holder. (2) Banking organization means any national or state bank, trust company,…

(a) Definitions. For the purpose of this Section, terms as defined in § 127115 of this Chapter shall apply to this Section. (b) All tangible and intangible personal property held in a fiduciary capacity for the benefit of another person, including tangible personal property subje…