17-2218. Dividends.
17-2218
17-2218. Dividends.
After providing for required reserves, the board of directors may
declare a dividend to be paid from the net earnings or from other funds
set aside for dividends at such intervals and in such a manner as the
board of directors may authorize.
History: L. 1929, ch. 141, § 18; L. 1959, ch. 117, § 5; L.
1963, ch. 140, § 4; L. 1965, ch. 153, § 7; L. 1968, ch. 160, § 9; L.
1969, ch. 125, § 1; L. 1972, ch. 61, § 1; L. 1978, ch. 79, § 1;
L. 1981, ch. 102, § 1; July 1.