Association may issue capital notes; voting rights of holders. The power of an association to borrow money and contract debts shall include the power to issue capital notes evidencing such borrowings and to subordinate the same to investment certificates and other liabilities. An association may confer upon the holders of any capital notes, issued or to be issued by the association, such rights to vote in the election of directors and on any other matters as shall be stated and expressed in the articles of incorporation, or in any amendment thereto.
Last modified: February 26, 2006