TITLE XXXV BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
CHAPTER 393 BUILDING AND LOAN ASSOCIATIONS
Withdrawal and Retirement of Shares
Section 393:30
393:30 Withdrawals. –
Any shareholder may withdraw from the corporation by giving notice of his intention so to do, 30 days at least prior to the withdrawal; but the directors may decline to use more than 1/2 of the funds in the treasury to meet the demands of withdrawing shareholders, in which case such shareholders shall wait until funds accumulate, and shall be paid in the order in which they gave their notices and without interest or profits after the date fixed by them for the withdrawal.