dividends

dividends Sec. 725. (a) The first sentence of section 117 of the Federal Credit Union Act (12 U.S.C. 1763) is amended by striking out “Annually, semiannually, or quarterly, as the bylaws may provide” and inserting in lieu thereof “At such intervals as the board of directors may authorize”. (b) The last sentence of such section is amended by striking out “for a month”, and by striking out “which are or become fully paid up during the first ten days of that month” and inserting in lieu thereof “as authorized by the board of directors”.