§ 26-209Title 26
Advancements — Participation of all shares in profits.
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proportion of the profits accrued or such rate of interest as said bylaws may determine, the same as allowed on shares withdrawn not advanced upon, less all fines and a proportionate part of losses and other charges incurred.
Annotations
Mar. 3, 1901, 31 Stat. 1299, ch. 854, § 694 1973 Ed., § 26-408. 1981 Ed., § 26-509.
Sourced from the DC Council Open Law Library (public domain).
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