Sec. 33-191. Issue of certificate of shares. - Connecticut Statutes

      Sec. 33-191. Issue of certificate of shares. No certificate of shares shall be issued to any person until the full amount thereof has been paid in cash, and no shareholder shall receive less than the par value of any share when disposing of the same to the board of managers. No person shall be allowed to become a shareholder in such association except by the consent of the managers.

      (1949 Rev., S. 5300.)