12 U.S.C. § 4007 : US Code - Section 4007: Effect on State law

Search 12 U.S.C. § 4007 : US Code - Section 4007: Effect on State law

(a) In general
Any law or regulation of any State in effect on September 1,
1989, which requires that funds deposited or received for deposit
in an account at a depository institution chartered by such State
be made available for withdrawal in a shorter period of time than
the period of time provided in this chapter or in regulations
prescribed by the Board under this chapter (as in effect on
September 1, 1989) shall -
(1) supersede the provisions of this chapter and any
regulations by the Board to the extent such provisions relate to
the time by which funds deposited or received for deposit in an
account shall be available for withdrawal; and
(2) apply to all federally insured depository institutions
located within such State.
(b) Override of certain State laws
Except as provided in subsection (a) of this section, this
chapter and regulations prescribed under this chapter shall
supersede any provision of the law of any State, including the
Uniform Commercial Code as in effect in such State, which is
inconsistent with this chapter or such regulations.