17-5419. Fixed dividend rate for sinking fund and share retirement loan shares.

17-5419

Chapter 17.--CORPORATIONS Article 54.--SAVINGS AND LOAN CODE; CAPITAL

      17-5419.   Fixed dividend rate for sinking fund and share retirement loan shares. All shares issued as sinking fund loan or share retirement loan shall have a minimum fixed dividend rate for the sole purpose of application in payment of such loan.

      History:   L. 1943, ch. 133, § 77; July 1.