Arizona § 6-552 Dividends

Arizona Statutes

§ 6-552 — Dividends

Arizona·Title 6 Arizona Revised Statutes·Ch. 4 CREDIT UNIONS·Art. 6 Accounts

A.After provision for the required reserves, the board of directors may declare dividends to be paid on share accounts from the undivided earnings.

B.A credit union may pay dividends at various rates with due regard to the conditions that pertain to each type of share account, such as minimum balance, notice and time requirements. A credit union may, but is not required to, pay a dividend on membership shares.

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A. After provision for the required reserves, the board of directors may declare dividends to be paid on share accounts from the undivided earnings.

B. A credit union may pay dividends at various rates with due regard to the conditions that pertain to each type of share account, such as minimum balance, notice and time requirements. A credit union may, but is not required to, pay a dividend on membership shares.

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