Delaware Statutes
§ 8532 — Dividends on stock
Delaware·Title 3·Part Cooperative Agricultural Associations or Corporations·Ch. 85 CORPORATION LAW FOR COOPERATIVE AGRICULTURAL ASSOCIATIONS·Subch. Stock and Stockholders; Financial Operations
Dividends on the common stock shall be paid only after dividends are paid on the preferred stock, and the required surplus fund set aside, and shall be not greater than 6 percent per annum, except as provided in this chapter. Dividends on preferred stock shall be not greater than 12 percent per annum and shall be cumulative.
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Legislative History
41 Del. Laws, c. 132, § 6 ; 3 Del. C. 1953, § 8532; 60 Del. Laws, c. 174, § 2