Section 5-17-20 Dividends. - Alabama Statutes

Section 5-17-20

Dividends.

The directors may declare a dividend from net earnings as the bylaws may provide.

(Acts 1927, No. 597, p. 696; Code 1940, T. 28, §298; Acts 1971, No. 2294, p. 3698; Acts 1978, No. 469, p. 492, §11.)