31.12.418 - Dividends. - Washington Statutes

Dividends.

Dividends may be declared from the credit union's earnings which remain after the deduction of expenses, interest on deposits, and the amounts required for reserves, or the dividends may be declared in whole or in part from the undivided earnings that remain from preceding periods.

[1997 c 397 § 33; 1984 c 31 § 50. Formerly RCW 31.12.485.]