499.32 - PATRONAGE DIVIDENDS OF SUBSCRIBERS.

        499.32  PATRONAGE DIVIDENDS OF SUBSCRIBERS.         Patronage dividends to subscribers whose stock or membership is      not fully paid in cash shall be applied toward such payment until it      is completed.  If the articles or bylaws so provide, subscriptions      not fully paid within two years may be canceled and all payments or      patronage dividends thereon forfeited.  
         Section History: Early Form
         [C35, § 8512-g32; C39, § 8512.32; C46, 50, 54, 58, 62, 66, 71,      73, 75, 77, 79, 81, § 499.32]         Referred to in § 499.16