HB 531, 35th R.S.
Relating to amending law relating to the regulation of building and loan associations so as to provide that in the payment of loans where shares only are pledged the borrower shall be required to repay the loan in cash, instead of being allowed credit for the withdrawal value of his shares, but providing that if he desires to withdraw his shares he may do so and prescribing the terms and penalties for such a withdrawal; providing the circumstances under which shares may be forfeited and regulating such forfeiture.
Author: John R. Moore
Subjects:
Financial--Savings & Loans
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