§1205.  Who may hold capital

Capital stock of a savings bank may be held:

(1)  By any individual in his own right, regardless of age or marital status, or by two or more such individuals;

(2)  By a fiduciary when authorized by law;

(3)  By a government or governmental instrumentality when authorized by law; and

(4)  By any corporation or other person when not prohibited by law.

Acts 1990, No. 816, §1, eff. Sept. 1, 1990.