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 property
shall be distributed to the shareholders pro rata to the participation
value of their shares, after the discharge of all liabilities.

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