(1) ISSUANCE AND DISPOSITION. A bank may do any of the following: (a) Issue fractions of a share or pay in money the value of fractions of a share. (b) Arrange for disposition of fractional shares by the shareholders. (2) RIGHTS OF HOLDERS OF FRACTIONAL SHARES. The holder of a fractional share may exercise the rights of a shareholder, including the right to vote, to receive dividends and to participate in the assets of the bank upon liquidation.
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