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28.1603 Fees or charges on inactive or dormant savings or time deposit account.

Cite as [A.S.C.A. § 28.1603]

During the 10 year period of inactivity or dormancy specified in section 28.1601(2) and until payment of funds to the Treasurer as provided in section 28.1608, it is unlawful for any Bank to assess, collect, or deduct any fee or charge from any savings or time deposit account because of that inactivity or dormancy, except for the cost of publication in accordance with section 28.1605.

History: 1988, PL 20-64.