Dividends may be paid from current undivided earnings which remain after deduction of expenses and the amounts required for reserves, or from the undivided earnings that remain from preceding periods.
RCW 31.12.418
Dividends.
Known as the Washington State Credit Union Act
The act spans §§ 31–31 (99 sections).
2015 c 123 s 3; 1997 c 397 s 33; 1984 c 31 s 50
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.