17-5552. Same; applications for repurchase canceled when members approve proposed plan of reorganization.

17-5552

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

      17-5552.   Same; applications for repurchase canceled when members approve proposed plan of reorganization. Upon the vote of the members of an association in approval of a proposed plan of reorganization, all pending applications for repurchase of shares shall be canceled.

      History:   L. 1943, ch. 133, § 130; July 1.