Section 123.208 - Dividends and Interest(a) A credit union may:(1) declare and pay a dividend on a share;(2) contract for and pay interest on a deposit; or(3) refund interest to a borrower.(b) A dividend or interest may be paid at a rate and on the conditions that the board authorizes.(c) The commissioner may restrict the payment of a dividend:(1) if the commissioner issues a cease and desist order under Section 122.257; or(2) as necessary to protect the member's interests and preserve the solvency of the credit union as authorized by commission rule. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.