• § 7-1-460 - Restrictions on Payment of Dividends; Limitation of Actions for Dividends or Distributions
  (a) The board of directors of a bank or trust company may, from time to time, declare and the bank or trust company thereupon...
• § 7-1-461 - Distribution Upon Reduction of Capital Stock or Paid-In Capital
  (a) Upon the decrease of capital stock of a bank or trust company pursuant to amendment of its articles as provided in this chapter,...
• § 7-1-462 - Dividends and Distributions Must Be Authorized by Chapter
  The directors of a bank or trust company shall not declare dividends or authorize or ratify the distribution of any part of its assets...
• § 7-1-463 - Preferred Share Acquisition
  (a) Unless otherwise provided in its articles, a bank or trust company, by resolution of its board of directors and with the prior approval...

Last modified: October 14, 2016