§ 26-209. Advancements--Participation of all shares in profits.

Current through October 23, 2012

The shares advanced upon shall participate equally with the other shares in the profits and the amounts paid by the advanced shareholders, together with such proportion of the profits accrued or such rate of interest as said bylaws may determine, the same as allowed on shares withdrawn not advanced upon, less all fines and a proportionate part of losses and other charges incurred.

                
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(Mar. 3, 1901, 31 Stat. 1299, ch. 854, § 694.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 26-509.

1973 Ed., § 26-408.