Dividends, when declared — how paid.

370.330. Dividends, when declared — how paid. — After allocations to required reserves, a credit union may declare dividends on general shares, membership shares, or both, at the discretion of its board of directors and as its bylaws provide. (RSMo 1939 § 5538, A.L. 1965 p. 569, A.L. 1969 H.B. 117, A.L. 1984 H.B. 962) Prior revision: 1929 § 5096