§ 238. Regulations and restrictions as to repayment of deposits. 1.\nThe repayment of deposits made with any savings bank and any interest\ncredited thereto, shall be subject to the provisions of this chapter and\nto rules and regulations made in accordance therewith. Any such\nregulations adopted by the board of trustees shall be posted in a\nconspicuous place in the office or offices of such savings bank, and\nshall be available to depositors upon request. All such rules and\nregulations, from time to time in effect, and all amendments thereto,\nfrom time to time in effect, shall be binding upon all depositors.\n 2. A savings bank may at any time by a resolution of its board of\ntrustees require a notice of sixty days before repaying deposits which\nare not demand deposits, in which event no non-demand deposit shall be\ndue or payable until sixty days after notice of intention to withdraw\nthe same shall have been personally given by the depositor. Any such\nnon-demand deposit shall cease to be due or payable under such notice or\nby reason thereof upon the fifteenth day after the expiration of such\nsixty days' notice if not withdrawn by the fifteenth day thereafter.\nNothing herein contained, however, shall be construed as prohibiting any\nsavings bank from making payments of such deposits before the expiration\nof said sixty days' notice. Except as provided in subdivision four of\nthis section and in subdivision one-a of section two hundred thirty-four\nof this chapter, no savings bank shall agree with its depositors in\nadvance to waive said sixty days' notice nor shall it require a longer\nnotice than sixty days. In the event that any savings bank shall require\nthat notice be given before such deposits may be withdrawn it shall,\nupon the day such requirement is made effective, notify the\nsuperintendent by telephone or telegraph that such requirement has been\nmade.\n 3. Except as provided in subdivisions four, five and six of this\nsection, a savings bank shall not pay, nor shall a depositor, his\nassignee or anyone claiming through a depositor, be entitled to receive\nany interest or deposit or portion of a deposit, unless the passbook of\nthe depositor be produced and the proper entry be made therein at the\ntime of the payment. The board of trustees, however, may provide in the\nby-laws for making payments in cases of loss of passbook, or other\nexceptional cases where the passbooks cannot be produced without serious\ninconvenience to depositors. The board of trustees may further provide\nin the by-laws for the payment of interest to a depositor without\nrequiring the production of the passbook, provided that such payment is\nmade (a) pursuant to the written request of the depositor, and (b) by\ncheck payable to the order of the depositor. The right to make such\npayments without production of the passbook shall cease when the\nsuperintendent shall so direct, upon his being satisfied that such right\nis being improperly exercised. Payments, however, may be made upon the\njudgment or order of a court. Where payment is made without production\nof the passbook in accordance with its by-laws, a savings bank shall not\nbe liable to an assignee of that passbook for such payment if such\nassignee has not, prior to such payment, served upon the savings bank\nwritten notice of the assignment. When authorized by the depositor, or,\nin the case of a joint account, by both depositors, a savings bank may\ncharge the account of such depositor or depositors for any sums due the\ninsurance department of such savings bank, or due the insurance\ndepartment of any other savings bank for which it is agent, without\nrequiring the production of the passbook for the recording of the charge\ntherein. For the purpose of this subdivision, the term "passbook" shall\ninclude any evidence of ownership of a deposit held pursuant to\nsubdivision one-a of section two hundred thirty-four of this chapter,\nsubject, however, to such regulations a
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