Voluntary Shares means shares of Class A Common Stock that are issued or transferred to a Director in accordance with Section 4.1(c) in respect of the Director’s Voluntary Amount.
Voluntary Shares. The meaning set forth in Section 3.2(b).
Voluntary Shares means shares that are issued at no par value and are not a part of risk capital and are administered in accordance with Rule 15.
Examples of Voluntary Shares in a sentence
They are also permitted to elect to receive all or part of the remainder of the retainer and all fees in the form of shares of Class A Common (the "Voluntary Shares").
Voluntary Shares shall be treated as liabilities of the Credit Union.
However, these Voluntary Shares are not subject to the foregoing transfer restrictions.
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Subject to the profitability of the Credit Union, the Board of Directors may recommend the declaration and payment of dividends on Voluntary Shares in amounts and at times as it may be determined and be approved at general meeting by members.
More Definitions of Voluntary Shares
Voluntary Shares means shares that are issued at no par value, and which do not form part of risk capital and are administered as withdrawable savings.
Voluntary Shares means any number of shares in addition to the Mandatory Shares acquired by a Member and which are subject to the Special Rules related to Voluntary Shares.
Voluntary Shares means funds that are withdrawable and may be used as collateral subject to terms and conditions provided in the By-Laws.
Voluntary Shares or “Ordinary Shares” shall mean shares that are issued at no par value and not a part of risk capital and are administered in accordance with the Rules.
Voluntary Shares means shares paid in cash that are with-drawable upon request in accordance with conditions as prescribed by Rule 16. Dividend shall be made payable as determined yearly by the Annual General Meeting.
Voluntary Shares means shares that are is sued at no par value and not
Voluntary Shares means shares of Class A Common Stock which are purchased voluntarily in accordance with Section 4.1(c).