Examples of B-1 Stock in a sentence
This was sham relationship; it wasn’t a customer services - it was a family services.
A member’s Class B Stock that is part of the member’s Stock Requirement at the time of the termination shall be immediately converted from Subseries B-1 Stock to Subseries B-2 Stock and shall receive the lower dividend until the stock is redeemed.
Wokingham’s Local Offer can be accessed on http://info.wokingham.gov.uk/kb5/wokingham/info/home.page The Holts School’s local offer is displayed on the school website.
A member’s Subseries B-2 Stock will then immediately be re-converted to Subseries B-1 Stock.
Each member or institution applying for membership, as a condition of initial or continuing membership, shall purchase and hold shares of the Class B Stock, initially as Subseries B-1 Stock, in an amount equal to its Stock Requirement.
The Board of Directors of the Bank hereby authorizes the issuance of one class of stock to be designated as Class B stock, divided into two sub-classes of capital stock to be designated as Class B-1 Stock and Class B-2 Stock, each of which will have a five year redemption notice period.
A member’s stock that is or becomes Excess Stock during the Redemption Period will continue to be Subseries B-1 Stock or will convert back to Subseries B-1 stock at the next Recalculation Date.
If during the Redemption Period the Subseries B-2 Stock becomes Excess Stock, the Subseries B-2 Stock will be re-converted to Subseries B-1 Stock, at the next Recalculation Date determined under Section V.
The FHLBI is authorized to issue additional Subseries B-1 Stock, at par value, to its members from time to time.
The dividend on the Subseries B-2 Stock shall be equal to eighty percent (80%) of the dividend that is declared by the Board of Directors on the Subseries B-1 Stock.