17-5415.   Redemption procedure to be followed by association.At any time funds are on hand for the purpose, the association shallhave the right to redeem by lot, or otherwise as the board of directors maydetermine, all or any part of its shares on a dividend date, by givingthirty days' notice by registered mail addressed to the shareholders attheir last addresses recorded on the books of the association.

      History:   L. 1943, ch. 133, § 73; July 1.