Section 241. Early maturity  


Latest version.
  • Unless otherwise agreed to by the corporation,
      the linked deposit shall automatically mature on the thirtieth  calendar
      day  after the occurrence of any event, monetary or non-monetary, which,
      whether declared by the lender or not, constitutes a default  under  any
      term  or terms of the linked loan and such default remains uncured as of
      such thirty calendar days. Upon early repayment of a  linked  loan,  the
      linked  deposit  shall  automatically  mature  with  payment  due to the
      corporation on or before the last day of the month in  which  prepayment
      occurs.