All shareholders of record and all borrowers from a building and loan association shall be members thereof. A borrowing member obligated upon a real estate loan shall remain a member of the association, even though the member has transferred the real estate security subject to real estate loan so long as the borrowing member remains obligated upon the real estate loan.

32 Del. Laws, c. 107, § ?3; 33 Del. Laws, c. 112, § ?1; Code 1935, § ?2338; 43 Del. Laws, c. 136, § ?1; 5 Del. C. 1953, § ?1901; 70 Del. Laws, c. 186, § ?1;