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

D.C. Code § 26-209: Advancements — Participation of all shares in profits.

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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.

The shares advanced upon shall participate equally with the other shares in the profits and the amounts paid by the advanced shareholders, together with such proportion of the profits accrued or such rate of interest as said bylaws may determine, the same as allowed on shares withdrawn not advanced upon, less all fines and a proportionate part of losses and other charges incurred.

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

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