(a) The capital stock shall all be of one (1) class and shall be fully paid and nonassessable in all events.
(b) The owners of the stock shall be members of the association and entitled to one (1) vote for each share for election of directors and all other purposes.
(c) Repealed by Laws 1993, ch. 115, § 3.
(d) No preferred stock shall be issued, nor shall any shares be issued which are exempt from bearing their pro rata portion of loss.