Maturity of Shares

COL120106 11 GCAFINANCE & TAXATION CH. 116 WITHDRAWAL SHARES When any share shall have reached its matured value, payment of dues thereon shall cease. Borrowing shareholders whose loans are fully paid shall have their securities released and returned to them. Holders of free shares shall upon the presentation of such shares for cancellation and upon giving a receipt for payment, be entitled to the payment of the matured value thereof with dividends or participation in the profits at the rate last paid or apportioned upon the same class of shares from the time the board of directors shall have declared such shares to have matured until paid. Such payment shall be subject to the provisions of Chapter 124 of this act applicable thereto.