Section 9-405 - Dividends or interest - Fixed term accounts(a) Dividends or interest on a savings certificate account or other type of fixed term account shall be: (1) Subject to the approval of the Division Director; and(2) In accordance with the rules and regulations of the Division Director.(b) Within 45 days of the request, the Division Director shall approve an association's request to pay a dividend or interest under this section if:(1) Earnings of the association are sufficient to pay the proposed dividend for a period of at least 1 year; and(2) The public interest is protected.(c) An applicant aggrieved by the action or nonaction of the Division Director under this section may appeal to the appropriate circuit court.