Title 14901 · CA

California Code, FIN 14901.

Citation: Cal. § FIN-14901

Section: FIN-14901

California Code, FIN 14901.

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Financial Code - FIN

DIVISION 5. CREDIT UNIONS [14000 - 16906] Â Â ( Division 5 repealed and added by Stats. 1979, Ch. 112. ) Â Â CHAPTER 6. Share Accounts and Certificates for Funds [14850 - 14905] Â Â ( Chapter 6 added by Stats. 1979, Ch. 112. ) Â Â

ARTICLE 2. Dividends [14900 - 14905] Â Â ( Article 2 added by Stats. 1979, Ch. 112. )

  14901.  The rates of dividends and terms of payment may be established in advance by action of the board of directors. However, nothing in this section shall be construed to permit any credit union to pay a dividend except as provided in Section 14902. (Amended by Stats. 1998, Ch. 539, Sec. 34.7. Effective January 1, 1999.)