PART V.  CAPITAL AND ACCOUNTS

§741.  Authorized capital

The authorized capital of a stock association shall be as provided in its articles of incorporation.  The authorized capital of a mutual association shall be unlimited and the actual accumulative capital at any time shall be deemed the authorized capital at such time.  No association shall be deceptive in advertising the amount of its capital.

Acts 1970, No. 234, §1.  Acts 1983, No. 675, §1.