#The continuous plan.# A further development is the continuous plan (usually called the _permanent_ or the Dayton plan), by which much greater flexibility is attained in the organization.

Shares of stock may be subscribed for at any time, each man's separate subscription of shares being treated as a separate series, and maturing each at its own time.

There is thus, after an association has been for some time in operation, a continuous stream of new members (or new subscriptions) flowing into the association, and a continuous outflow of shareholders whose shares have matured.

The maturing shares of borrowing members discharge their indebtedness to the association; the maturing shares of non-borrowing members are paid in money, or may (if the association has use for the funds) be left as an interest-bearing loan.
Additional funds are obtained when needed by issuing paid-up stock to non-borrowers.

This is convenient at the beginning of an association and when the movement in building is more active than usual.