Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE56 OTHER FINANCIAL INSTITUTIONS |
CHAPTER673. Savings and Loan Associations |
INTEREST AND DIVIDENDS |
NRS673.336. Restrictions on declaration of dividends.
Latest version.
- No board of directors of a savings and loan association shall knowingly declare to its stockholders a greater dividend than has actually been earned by the association after providing adequate reserves to meet any other contingent liabilities.
(Added to NRS by 1957, 759)