HARRY HUGHES, Governor

1115

request is considered refiled on the first day of each succeeding
month until its stated amount is met.

(4) A savings and loan association may not obligate
itself to pay more than the amount required under paragraph (2)
of this subsection.

(c)  Notice; cancellation of request.

(1)  A savings and loan association shall send any
notice about any withdrawal plan to each applicant for withdrawal
at the last address of the applicant on the association's
records.

(2)  If after notice of the plan, an applicant does
not apply in person or in writing for payment on the withdrawal
request on file, the savings and loan association shall cancel
the withdrawal request.

(d)  Prohibition.

A savings and loan association that is operating under a pro
rata plan of withdrawal may not make any loan that is secured by
a savings account in the association.]

9-411, 9-412. Reserved.

Part II. General Provisions—-Operations

9-413. Multiple name accounts.

If an account in a savings and loan association is in the
names of two or more persons and is payable to any one of them:

(1)  The association    may permit any person named   on
the account to withdraw the money   in the account or pledge it     as
security for a loan, whether or   not any of the other persons   is
living; and

(2)  Payment to or on behalf of a person named on the
account, who withdraws money, discharges the association for the
withdrawal made.

9-414. Joint account.

(a) Joint tenancy.

(1) If an account in a savings and loan association
is in the names of two or more persons expressly as joint
tenants, the account agreement may provide that the money in the
joint account:

(i) Is payable to any one or more of them or
the survivor of them; and