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SAVINGS BANK CLUB STAMPS

25 Pa. D. & C. 2d 250 (1961)

Savings Bank Club Stamps

Common Pleas Court of Philadelphia County, Pennsylvania.

August 24, 1961.

ANNE X. ALPERN, Attorney General, and FREDERICK G. ANTOUN, Deputy Attorney General, August 24, 1961.

You have requested the advice of this department as to whether a bank, a bank and trust company or a savings bank may operate a Christmas club, a vacation club or other similar savings plans by issuing stamps in various denominations to the individual saver. The operation of the plan involves the opening of an account...

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