California Financial Code ARTICLE 2 - Dividends

• Section 14900.
  (a) The board of directors of any credit union may declare dividends at such intervals, in accordance with such formula, and for such periods as provided...
• Section 14901.
  The rates of dividends and terms of payment may be established in advance by action of the board of directors. However, nothing in this section...
• Section 14902.
  The directors of any credit union may, for the dividend period, declare dividends from its undivided profits as provided by law, but no credit union...
• Section 14905.
  Amounts paid or credited by a credit union to its members or depositors on or before the 30th day after the close of its income...

Last modified: October 22, 2018