US Laws, Codes, Statutes & Cases

                                  TITLE  26
                              BANKS AND BANKING
                                  CHAPTER 21
                            IDAHO CREDIT UNION ACT
    26-2184.  DIVIDENDS -- IDAHO CORPORATE CREDIT UNION. (a) After allocations
to the reserve account if required by the director, the board of directors may
at the end of any dividend period duly  established, declare a dividend from
undivided earnings as the bylaws may provide.
    (b)  Dividends shall be paid on all fully paid shares outstanding at the
close of the dividend periods.
    (c)  And provided further that the Idaho corporate credit union may pay
interest on daily deposit balances of its members which are in excess of the
capital share base requirement for membership.
    (d)  No dividend shall be declared or paid at a time when the corporation
is insolvent.