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2020 Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 17 - Credit Unions.
Article 1 - General Provisions.
Section 5-17-20 - Dividends.
Universal Citation: AL Code § 5-17-20 (2020)
Section 5-17-20
Dividends.
The directors may declare a dividend from net earnings as the bylaws may provide.
(Acts 1927, No. 597, p. 696; Code 1940, T. 28, §298; Acts 1971, No. 2294, p. 3698; Acts 1978, No. 469, p. 492, §11.)
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