Delaware § 1904 Dividends

Delaware Statutes

§ 1904 — Dividends

Delaware·Title 5·Part Building and Loan Associations·Ch. 19 POWERS AND CONDUCT OF BUSINESS

Every building and loan association duly licensed or registered, provided its charter shall permit, may provide either in its bylaws or by a resolution or resolutions of its board of directors a schedule of varying rates of dividends for different classes of shares of stock, and different types of shares within any class, including any type of share or account available to federally chartered associations operating in this State.

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Every building and loan association duly licensed or registered, provided its charter shall permit, may provide either in its bylaws or by a resolution or resolutions of its board of directors a schedule of varying rates of dividends for different classes of shares of stock, and different types of shares within any class, including any type of share or account available to federally chartered associations operating in this State.

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Legislative History

32 Del. Laws, c. 107, § 3 ; 33 Del. Laws, c. 112, § 1 ; Code 1935, § 2338; 43 Del. Laws, c. 136, § 1 ; 5 Del. C. 1953, § 1904; 50 Del. Laws, c. 218, § 2 ; 61 Del. Laws, c. 380, § 2 ; 68 Del. Laws, c. 105, § 16