Rhode Island § 19-5-19 § 19-5-19. Dividends.

Rhode Island Statutes

§ 19-5-19 — § 19-5-19. Dividends.

Rhode Island § 19-5-19

Title 19Financial institutions

Ch. 19-5Credit Unions

This text of Rhode Island § 19-5-19 (§ 19-5-19. Dividends.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 19-5-19 (2026).

Text

§ 19-5-19. Dividends.
At those intervals that the board of directors may authorize, and after provision
            for required reserves, the board of directors may declare a dividend to be paid at
            different rates on different types of shares, at different rates and maturity dates
            in the case of share certificates, and at different rates on different types of share
            draft accounts. Dividends may be declared, in whole or in part, from profits or undivided
            earnings. Dividends credited may be accrued on various types of shares, share certificates,
            and share draft accounts as authorized by the board of directors.
         

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§ 19-5-19. Dividends.

At those intervals that the board of directors may authorize, and after provision for required reserves, the board of directors may declare a dividend to be paid at different rates on different types of shares, at different rates and maturity dates in the case of share certificates, and at different rates on different types of share draft accounts. Dividends may be declared, in whole or in part, from profits or undivided earnings. Dividends credited may be accrued on various types of shares, share certificates, and share draft accounts as authorized by the board of directors.