2013 Ohio Revised Code
Title [11] XI FINANCIAL INSTITUTIONS
Chapter 1151 - SAVINGS AND LOAN ASSOCIATIONS - GENERALLY.
Section 1151.25 - Cancellation of shares.


Ohio Rev Code § 1151.25 (2013) What's This?

A building and loan association may cancel shares and parts of shares of stock upon which the credits have been repurchased by it, or upon which loans have been repaid, and reissue them as new stock.

Effective Date: 10-01-1953

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