Any person applying for membership or stock after a month from the time of the incorporation may be required to pay on subscribing such bonus or assessment as may be fixed by said bylaws in order to place said new members or stockholders on a footing with the original members and others holding stock at the time of such application.
(Mar. 3, 1901, 31 Stat. 1299, ch. 854, § 690.)
1981 Ed., § 26-503.
1973 Ed., § 26-403.
Structure District of Columbia Code
Title 26 - Banks and Other Financial Institutions
Chapter 2 - Building Associations
§ 26–201. Formation; general nature and powers
§ 26–203. Bonus to be paid by late subscribers
§ 26–206. Foreign associations
§ 26–207. Advancements — Payments of premiums
§ 26–208. Advancements — Security
§ 26–209. Advancements — Participation of all shares in profits
§ 26–210. Advancements — Redemption on failure to bid
§ 26–211. Withdrawal by shareholder
§ 26–212. Repayment of advances