§ 28-7-1-25 — Dividends

Dividends may be declared by the board of
directors, after making provision for the required reserves. The board
of directors may declare separate dividend periods and rates for each
type of share account.
Formerly: Acts 1961, c.182, s.25; Acts 1969, c.133, s.8; Acts
1974, P.L.130, SEC.8. As amended by Acts 1979, P.L.267, SEC.4;
P.L.263-1995, SEC.22.