17-5563.   Credit to borrowers.In the event of reorganization, liquidation, conversion, merger, or bulksale of assets of any association, any borrowing member having received aloan or advance from the association shall be given credit upon such loanor advance for the amount standing to the credit of his shares on the booksof the association at the time of such reorganization, liquidation,conversion, merger, or bulk sale of assets.

      History:   L. 1943, ch. 133, § 141; July 1.