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

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