17-5523

Chapter 17.--CORPORATIONS
Article 55.--SAVINGS AND LOAN CODE; POWERS

      17-5523.   Same; distribution of proceeds.The consideration received upon any such disposition of bulk propertyshall be distributed to the shareholders pro rata to the participationvalue of their shares, after the discharge of all liabilities.

      History:   L. 1943, ch. 133, § 101; July 1.