D.C. Code § 26-213

Current through codified legislation effective October 30, 2024
Section 26-213 - Forfeiture of stock

Any nonadvanced shareholder failing to pay the instalments due on his share and the fines due from him for such time as the bylaws shall determine, shall forfeit his stock, but may, on application, receive a return of the amount paid in on account of his stock, less the accrued fines.

D.C. Code § 26-213

Mar. 3, 1901, 31 Stat. 1300, ch. 854, § 698.