All savings and loan associations shall keep in force, at all times, insurance covering their deposits and savings accounts insured by the Federal Deposit Insurance Corporation to the extent provided by federal law.

Laws 1978, SB 385, c. 168, § 36, eff. July 1, 1979; Amended by Laws 1990, HB 2278, c. 118, § 16, emerg. eff. April 23, 1990.