(1) AGGREGATE OF SAVINGS ACCOUNTS. The aggregate of savings accounts of an association is unlimited, and consists of the total deposits in savings accounts and the total earnings credited to the accounts, less withdrawals. (2) OWNERSHIP OF ACCOUNTS. Any person may become the owner of a savings account in an association if the person is accepted by the association or if the person acquires ownership by a transfer authorized under s. 215.15 (3). (3) DEPOSITS IN SAVINGS ACCOUNTS. Deposits may be made in savings accounts in any amount at any time, unless otherwise determined by the board. (4) MAXIMUM OWNERSHIP OF SAVINGS ACCOUNTS BY ONE PERSON. The aggregate amount of the withdrawal value of savings accounts owned by one person in any association is unlimited, unless the board determines otherwise. (5) NONASSESSABILITY OF SAVINGS ACCOUNTS. All savings accounts shall be nonassessable. No person may, in the person’s capacity as a saver, be responsible for any losses incurred by the association beyond the loss of the withdrawal value of the person’s savings accounts. (6) SAVINGS ACCOUNTS ELIGIBLE INVESTMENT FOR TRUST FUNDS. A personal representative, guardian, trustee, or other fiduciary authorized to invest trust funds, may acquire, own, or hold savings accounts in an association, within the limits of standards contained in s. 881.01, and shall have the same rights and be subject to the same obligations and limitations as other savings account owners, except the right to be an officer or director. Savings accounts owned or held by a personal representative, guardian, trustee, or other fiduciary shall specifically name the trust represented. (7) VOTING RIGHTS OF JOINT SAVINGS ACCOUNTS. When a savings account in a mutual association is a multiple-party account under subch. I of ch. 705 , the right to vote such account shall be no greater than if the account were held by an individual. (8) RIGHTS OF FIDUCIARIES. (a) In a mutual association a fiduciary shall have all rights and privileges of a saver except the right to hold office. (b) In a capital stock association a fiduciary shall have all rights and privileges as other savers in the association. (9) SAVINGS ACCOUNTS OF DECEASED PERSONS. The savings account of a decedent may be held and controlled by the personal representative or trustee of the estate, or after 60 days after death, the legal representative may be paid the withdrawal value of the savings account. If the savings account is pledged to the association for a loan, the loan shall first be fully repaid.
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