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

D.C. Code § 26-213: Forfeiture of stock.

Where this section sits in the code

Title 26. Banks and Other Financial Institutions.
Chapter 2. Building Associations.
Subchapter I. General.

Any nonadvanced shareholder failing to pay the instalments due on his share and the fines due from him for such time as the bylaws shall determine, shall forfeit his stock, but may, on application, receive a return of the amount paid in on account of his stock, less the accrued fines.

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

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