Title 11 — Finance and Taxation

Each association must prescribe by its by-laws, or by contract with its shareholders or certificate holders, or by both, the period of notice of intention to withdraw which such association at its option may require, which period shall be six months in the case of all shares or i…

The term matured withdrawal claims, as used in this chapter, shall include each and all of the following, to wit, (1) the value of all shares or investment certificates or parts thereof, in respect of which valid notices of intention to withdraw shall be on file, matured and unpa…

No association shall agree in advance to pay withdrawals without requiring notice of intention to withdraw or before the maturity of a notice of intention to withdraw. Except, as otherwise provided in this act in respect of shares and investment certificates pledged to the associ…

Each association on notice shall, within 24 hours after becoming an association on notice, mail to the commissioner a statement that such association is on notice; and so long as such association is on notice it shall mail to the commissioner daily or otherwise as the commissione…

COL120106 11 GCAFINANCE & TAXATION In the event the whole or any part of any matured withdrawal claim against an association shall remain unpaid for a period of, one year after such claim shall have matured, then, unless, such association shall have set aside funds for the paymen…

No association shall acquire in any manner, directly or indirectly, any investment certificates or shares issued by it except by payment of the full withdrawal value or redemption price in the manner provided in this act, or by offset of such certificates or shares as may be pled…