Iowa § 533.312 Dividends and interest

Iowa Statutes

§ 533.312 — Dividends and interest

Iowa § 533.312

Title XIIICOMMERCE

Ch. 533CREDIT UNIONS

This text of Iowa § 533.312 (Dividends and interest) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 533.312 (2026).

Text

1.The board of directors may declare dividends at such rates and upon such classes of shares as are determined by the board, at such intervals and for such periods as the board may authorize, and after provision for required reserves pursuant to section 533.303.

2.Dividends shall be considered a normal operating expense of the state credit union and shall be paid on all paid-up shares outstanding at the close of the period for which the dividend is declared and shall be available only from undivided earnings.

3.The superintendent may restrict or prohibit the payment of a dividend or interest when an impairment of capital exists.

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1. The board of directors may declare dividends at such rates and upon such classes of
shares as are determined by the board, at such intervals and for such periods as the board
may authorize, and after provision for required reserves pursuant to section 533.303.
2. Dividends shall be considered a normal operating expense of the state credit union
and shall be paid on all paid-up shares outstanding at the close of the period for which the
dividend is declared and shall be available only from undivided earnings.
3. The superintendent may restrict or prohibit the payment of a dividend or interest when
an impairment of capital exists.