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District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 26-203: Bonus to be paid by late subscribers.

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Where this section sits in the code
  1. Title 26. Banks and Other Financial Institutions.
  2. Chapter 2. Building Associations.
  3. Subchapter I. General.

Any person applying for membership or stock after a month from the time of the incorporation may be required to pay on subscribing such bonus or assessment as may be fixed by said bylaws in order to place said new members or stockholders on a footing with the original members and others holding stock at the time of such application.

Collected 2026-08-29T05:44:07Z. Source file · JSON

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