Okla. Stat. tit. 6 § 2013

Current through Laws 2024, c. 453.

Section 2013 - Dividends

As the bylaws may provide and, pursuant to such regulations as may be issued by the Oklahoma State Credit Union Board, the board of directors of a credit union may declare a dividend to be paid at different rates on different types of accounts from any available balances in undivided earnings. If undivided earnings are depleted, dividends can only be paid upon prior written approval of the Commissioner.

Okla. Stat. tit. 6, § 2013

Added by Laws 1941, p. 15, § 13; Amended by Laws 1968, c. 187, § 3; Amended by Laws 1970, c. 321, § 10; Amended by Laws 1974, c. 267, § 6; Amended by Laws 1988, c. 66, § 3, emerg. eff. 3/25/1988; Amended by Laws 1974, c. 66, § 4 (repealed by Laws 1974, c. 267, § 12); Amended by Laws 1999, c. 28, § 2, eff. 4/5/1999; Amended by Laws 2001 , HB 1764, c. 59, § 4, eff. 11/1/2001.