Colorado § 11-30-118 Dividends

Colorado Statutes

§ 11-30-118 — Dividends

Colorado·Title 11 Financial·Art. Credit Unions - General Provisions

At such intervals and for such periods of time as the
board of directors may authorize and after provision for the required reserves, the
board of directors may declare a dividend. Dividends may be paid at various rates on
different classes of shares, and dividend credit may be accrued on different classes
of shares, as determined by the board of directors. Dividends shall not be paid in
excess of available earnings.

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At such intervals and for such periods of time as the
board of directors may authorize and after provision for the required reserves, the
board of directors may declare a dividend. Dividends may be paid at various rates on
different classes of shares, and dividend credit may be accrued on different classes
of shares, as determined by the board of directors. Dividends shall not be paid in
excess of available earnings.

Colorado § 11-30-118 (Dividends) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 31: p. 303, � 18. CSA: C. 47, � 18. L. 41: p. 377, � 18. L. 45: p. 309, � 3. L. 51: p. 315, � 6. CRS 53: � 38-1-18. C.R.S. 1963: � 38-1-18. L. 67: p. 321, � 15. L. 75: Entire section amended, p. 395, � 3, effective June 16. L. 81: Entire section amended, p. 613, � 3, effective July 1. L. 83: Entire section amended, p. 485, � 8, effective July 1. L. 84: Entire section amended, p. 375, � 9, effective July 1.