Statutes, codes, and regulations
Indiana Code
Title 28 - FINANCIAL INSTITUTIONSArticle 7 - SPECIALIZED FINANCIAL INSTITUTIONS
Chapter 1 - CREDIT UNIONS
Section 28-7-1-25 - Dividends

Ind. Code § 28-7-1-25

Download
PDF
Current through P.L. 171-2024
Section 28-7-1-25 - Dividends

Dividends may be declared by the board of directors, after making provision for the required reserves. The board of directors may declare separate dividend periods and rates for each type of share account.

IC 28-7-1-25

(Formerly: Acts 1961, c.182, s.25; Acts 1969, c.133, s.8; Acts1974 , P.L. 130, SEC.8.) As amended by Acts1979 , P.L. 267, SEC.4; P.L. 263-1995, SEC.22.