District of Columbia Statutes
§ 26-203 — Bonus to be paid by late subscribers.
District of Columbia·Title 26 Banks and Other Financial Institutions.·Ch. 2 Building Associations.·Subch. 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.
Free access — add to your briefcase to read the full text and ask questions with AI
District of Columbia § 26-203 (Bonus to be paid by late subscribers.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Mar. 3, 1901, 31 Stat. 1299, ch. 854, § 690
Nearby Sections
15
§ 26-1001
Definitions.§ 26-1002
License required.§ 26-1003
Exemptions.§ 26-1004
License qualifications.§ 26-1006
License application.§ 26-1007
Bond or other security device.§ 26-1008
Application fee.§ 26-1009
Issuance of license.§ 26-1011
Special reporting requirements.§ 26-1012
Changes in control of a licensee.§ 26-1013
Examinations.§ 26-1014
Maintenance of records.