At intervals as the board of directors may authorize and after provision for required reserves, the board of directors may declare, under regulations adopted by the commissioner, a dividend to be paid at different rates on different types of shares and at different rates and maturity dates in the case of share certificates. Dividend credit may be accrued on various types of shares and share certificates as authorized by the board of directors.
Section: Previous 06.45.120 06.45.130 06.45.140 06.45.150 06.45.160 06.45.170 06.45.180 06.45.190 06.45.200 06.45.210 06.45.220 06.45.230 06.45.240 06.45.250 06.45.260 NextLast modified: November 15, 2016