Section 378-D. Preservation of books and records  


Latest version.
  • Every savings and loan
      association shall preserve all its records  of  final  entry,  including
      cards used under the card system and deposit tickets, for a period of at
      least six years from the date of making the same or from the date of the
      last entry thereon; provided, however, that preservation of photographic
      reproductions  thereof  or records in photographic form shall constitute
      compliance with the requirements of this  section.  Notwithstanding  the
      foregoing,  the banking board may prescribe by regulation such period of
      time longer or shorter than six years during which all records  kept  by
      savings  and  loan  associations  as  fiduciary  shall  be  preserved in
      original form.