17-5422.   Same; minimum requirements.No association shall operate with guarantee stock unless its minimuminitial guarantee stock capital subscribed for and paid in shall be atleast twenty-five thousand dollars ($25,000) and at all times be at leastone percent (1%) of the withdrawable share capital: Provided, That noassociation shall be required to have guarantee stock capital subscribedfor and paid in exceeding two hundred fifty thousand dollars ($250,000) inamount.

      History:   L. 1955, ch. 141, § 4; L. 1961, ch. 125, § 1; July 1.