But if an association has funds that cannot be loaned, outstanding paid-up stock may be called in.

In practice a large part of the paid-up stock as well as of the running stock is subscribed for and held not by large capitalists but by persons of small means, especially "the more frugal element in the working classes." Non-borrowing members desiring to withdraw may do so at any time under certain conditions; but to safeguard the association, the laws usually require that thirty days' notice of intention to withdraw shall be given, that not more than one half of the funds received in any one month shall be paid on withdrawals, and that withdrawing shareholders shall be paid in the order of the notices of intention to withdraw.
The most intelligent and prudent workers were formerly deterred from subscribing by the fear that sickness, unemployment, or other mishap might make it impossible to keep up regular payments.

Now, however, fines for late payment have been almost entirely done away with.

On the other hand, extra payments may be made at any time by borrowing members, to hasten the date when their shares mature and their debt be discharged.

These privileges are possible because of the method of distributing earnings which will now be described.
Sec.13.