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Cal. Fin. Code § 14900

Dividends

Redline — January 1, 2011 → current.View current text →
Current — January 1, 2019
As of January 1, 2011
(a) The board of directors of any credit union may declare dividends at such intervals, in accordance with such formula, and for such periods as provided in the written savings capital structure policy.
(b) Dividends need not be paid on a share account having less than the minimum balance prescribed in the bylaws.
Dividends need not be paid on a share account having less than the minimum balance prescribed in the bylaws.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.