Montana Statutes
§ 32-3-502 — Dividends
32-3-502 . Dividends. At the intervals and for the periods that the board of directors authorizes and after providing for the required reserves, the board of directors may declare dividends to be paid from the undivided earnings at the rates and upon the classes of shares that the board determines. The dividends must be paid on all shares according to any method of calculation allowed by law.
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Legislative History
En. 14-640 by Sec. 40, Ch. 38, L. 1975; R.C.M. 1947, 14-640; amd. Sec. 1, Ch. 365, L. 1997; amd. Sec. 4, Ch. 25, L. 2001.
Nearby Sections
15
§ 32-3-1001
And 32-3-1002 Reserved§ 32-3-1005
Theft Of Funds§ 32-3-1006
And 32-3-1007 Reserved§ 32-3-1008
Concealing Actions From Directors§ 32-3-1009
False Statement To Obtain Or Extend Loan§ 32-3-101
Short Title§ 32-3-1010
Through 32-3-1012 Reserved§ 32-3-102
Purposes -- Definitions§ 32-3-103
Use Of Name Exclusive§ 32-3-104
Office Facilities§ 32-3-105
Fiscal Year