A. After provision for the required reserves, the board of directors may declare dividends to be paid on share accounts from the undivided earnings.
B. A credit union may pay dividends at various rates with due regard to the conditions that pertain to each type of share account, such as minimum balance, notice and time requirements. A credit union may, but is not required to, pay a dividend on membership shares.Section: Previous 6-537 6-538 6-539 6-540 6-541 6-542 6-551 6-552 6-553 6-554 6-555 6-556 6-557 6-558 6-561 Next
Last modified: October 13, 2016