The board of directors of a credit union may declare and pay a dividend from net earnings or accumulated net undivided earnings remaining after the statutory reserve has been set aside.
Miss. Code Ann. § 81-13-53
Dividends
Codes, 1930, § 4256; 1942, § 5417; Laws, 1924, ch. 177; Laws, 1960, ch. 184, § 2; Laws, 1968, ch. 280; reenacted without change, Laws, 1982, ch. 304, § 29; Laws, 1987, ch. 381, …
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.