Section 10
SEC. 10. The capital stock shall be divided into shares, the par value of each to be fifty pesos. No member shall own more than ten shares. Payment may be made for each share of stock in installments of at least fifteen per annum. The stock shall not be redeemed except with the approval of the Philippine National Bank and in the manner prescribed in this Act and in the by-laws of the association, but stock may be sold to another member provided such member is eligible to purchase it. Stock may be mortgaged or pledged only to the association.