Arizona Revised Statutes § 6-552 Dividends

6-552. Dividends

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.

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Last modified: October 13, 2016