Provided a bank does not make distributions that reduce its capital below its applicable required capital, the board of directors of a bank may declare such distributions as it deems proper. (2012-56, s. 4.)
Sections: Previous 53C-3-7 53C-4-1 53C-4-2 53C-4-3 53C-4-4 53C-4-5 53C-4-6 53C-4-7 53C-4-8 53C-4-9 53C-4-10 53C-4-11 53C-4-12 53C-4-13 53C-5-1 Next
Last modified: March 23, 2014