§412:10-302  Dividends.  (a)  At such
intervals as the board of directors may authorize, and after provision for
required reserves, the board of directors may declare dividends to be paid on
share accounts and membership shares (if any) from undivided earnings.



(b)  Dividends may be paid at various rates
with due regard to the conditions that pertain to each type of account such as
minimum balance, notice and time requirements. [L 1993, c 350, pt of §1]