17-5415. Redemption procedure to be followed by association.
17-5415
17-5415. Redemption procedure to be followed by association.
At any time funds are on hand for the purpose, the association shall
have the right to redeem by lot, or otherwise as the board of directors may
determine, all or any part of its shares on a dividend date, by giving
thirty days' notice by registered mail addressed to the shareholders at
their last addresses recorded on the books of the association.
History: L. 1943, ch. 133, § 73; July 1.