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Session Laws, 1987
Volume 769, Page 3423   View pdf image
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WILLIAM DONALD SCHAEFER, Governor                   Ch. 768

SHALL BE THE NUMERICAL MONTH AND YEAR IN WHICH THE INDIVIDUAL
PERSONAL ACCOUNT WAS ESTABLISHED.

(2) IF A JOINT PERSONAL ACCOUNT IS CLOSED AT A
PARTICULAR CREDIT UNION AND AN INDIVIDUAL PERSONAL ACCOUNT IS
OPENED AT THE SAME CREDIT UNION BY ONE OF THE CUSTOMERS WHO
PREVIOUSLY WAS INCLUDED UNDER THE JOINT ACCOUNT, THEN THE
NUMERICAL MONTH AND YEAR PRINTED ON THE FACE OF THE SHARE DRAFTS
SHALL BE THE NUMERICAL MONTH AND YEAR IN WHICH THE JOINT ACCOUNT
WAS ESTABLISHED.
-------------------------:-----------------------

(3) IF A CUSTOMER WITH AN INDIVIDUAL PERSONAL-ACCOUNT
OR WITH A JOINT PERSONAL ACCOUNT OPENS AN ADDITIONAL ACCOUNT AT
THE SAME CREDIT UNION, THEN THE NUMERICAL MONTH AND YEAR PRINTED
ON THE FACE OF THE SHARE DRAFTS SHALL BE THE NUMERICAL MONTH AND
YEAR IN WHICH THE INITIAL ACCOUNT WAS ESTABLISHED.
--------------

(B)(1) (4) IN THE CASE OF A PERSONAL ACCOUNT THAT IS
CLOSED AND A NEW PERSONAL ACCOUNT OPENED SIMULTANEOUSLY ON THE
ADVICE OF THE CREDIT UNION, THE SHARE DRAFTS FOR THE NEW ACCOUNT
SHALL HAVE THE NUMERICAL MONTH AND YEAR IN WHICH THE CLOSED
ACCOUNT WAS ORIGINALLY OPENED PRINTED ON THE FACE OF THE SHARE
DRAFTS.

(2) (5) IF THE CLOSED ACCOUNT WAS OPENED PRIOR TO
JULY 1, 1987, A DATE IS NOT REQUIRED TO BE PRINTED ON THE SHARE
DRAFTS.

(C)  A SHARE DRAFT PROVIDED ON THE OPENING OF A PERSONAL
ACCOUNT FOR USE BY THE CUSTOMER UNTIL PRINTED SHARE DRAFTS HAVE
BEEN PREPARED IS NOT REQUIRED TO HAVE THE NUMERICAL MONTH AND
YEAR IN WHICH THE ACCOUNT WAS OPENED PRINTED ON THE FACE OF THE
SHARE DRAFT.

(D) (1) THE CREDIT UNION AND THE DRAFT PRINTER MAY NOT BE
HELD LIABLE FOR UNINTENTIONAL ERRORS IN THE MONTH AND YEAR
PRINTED ON THE FACE OF THE DRAFT.
-------------------------------

(2) THE CUSTOMER MAY NOT BE CHARGED FOR THE
REPRINTING OF THE CHECKS WHEN THE CHECKS ARE REPRINTED DUE TO
ERROR IN THE MONTH AND YEAR PRINTED ON THE FACE OF THE DRAFT.
----

9-411.

(A)  ANY CHECKS OR DRAFTS PROVIDED DIRECTLY OR INDIRECTLY BY
A SAVINGS AND LOAN ASSOCIATION FOR USE IN CONNECTION WITH A
PERSONAL CHECKING OR DRAFT ACCOUNT SHALL HAVE THE NUMERICAL MONTH
AND YEAR IN WHICH THE ACCOUNT WAS OPENED PRINTED ON THE FACE OF

THE CHECKS OR DRAFTS, EXCEPT AS PROVIDED IN SUBSECTION (B)__OF

THIS SECTION.

(B) THE PROVISIONS OF SUBSECTION (A) OF THIS SECTION SHALL
NOT APPLY UNDER CERTAIN CONDITIONS:--------------------------------------

- 3423 -

 

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Session Laws, 1987
Volume 769, Page 3423   View pdf image
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