A share account shall be kept on the books of the association with each certificate holder showing the aggregate of all payments made, plus dividends paid in cash or credited. The aggregate of all payments made, plus dividends credited, less withdrawals, shall be termed the "certificate value" or "withdrawal value" of the account.
Source: L. 33: pp. 312-317, §§ 1-6. CSA: C. 25, § 19. L. 39: p. 248, § 19. L. 43: p. 202, § 4. CRS 53: § 122-3-3. L. 55: p. 762, § 7. C.R.S. 1963: § 122-3-3.
ANNOTATION
A mutual association cannot contract as to maturity date of its stock. A mutual building and loan association has no power to contract with a shareholder that his stock will mature in a definite time. People's Bldg. & Loan Ass'n v. Purdy, 20 Colo. App. 287, 78 P. 465 (1904).