No dividend on stock shall be paid unless the association has the prior written approval of the Commissioner of Banks.
N.C. Gen. Stat. § 54B-43
Stock dividends
1981, c. 282, s. 3; 1983, c. 144, s. 7; 1989, c. 76, s. 9; 2001-193, s. 16.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.