Dividends need not be paid on a share account having less than the minimum balance prescribed in the bylaws.
Cal. Fin. Code § 14900
Dividends
Known as the California Credit Union Law
The act spans §§ 14000–16906 (329 sections).
Amended by Stats. 2018, Ch. 267, Sec. 7
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.