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DISTRICT OF COLUMBIA STATUTES AND CODES

Section 26-209 - Advancements-Participation of all shares in profits

Advancements-Participation of all shares in profits

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proportion of the profits accrued or such rate of interest as said bylaws may determine, the same as allowed on shares withdrawn not advanced upon, less all fines and a proportionate part of losses and other charges incurred.

CREDIT(S)

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

HISTORICAL AND STATUTORY NOTES

Prior Codifications
1981 Ed., § 26-509.
1973 Ed., § 26-408.

Current through September 13, 2012

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