Such inventory transfers is within par value and you can will to get results on being registered towards the compatible courses and you may facts of Lender. The financial institution get, in its capital bundle, need that the import be tested on the bank before instance transfer can happen.

(a) Redemption. (1) An associate or former member have their stock when you look at the a Financial redeemed by giving created see on Lender in keeping with this particular section. An associate otherwise previous associate shall render six-months composed see to own Class An inventory and you may four-decades created observe to possess Classification B stock. Read more