17-5523. Same; distribution of proceeds.

17-5523

Chapter 17.--CORPORATIONS Article 55.--SAVINGS AND LOAN CODE; POWERS

      17-5523.   Same; distribution of proceeds. The consideration received upon any such disposition of bulk property shall be distributed to the shareholders pro rata to the participation value of their shares, after the discharge of all liabilities.

      History:   L. 1943, ch. 133, § 101; July 1.