Dividends

11-30-118. Dividends. At such intervals and for such periods of time as the board of directors may authorize and after provision for the required reserves, the board of directors may declare a dividend. Dividends may be paid at various rates on different classes of shares, and dividend credit may be accrued on different classes of shares, as determined by the board of directors. Dividends shall not be paid in excess of available earnings. Source: L. 31: p. 303, � 18. CSA: C. 47, � 18. L. 41: p. 377, � 18. L. 45: p. 309, � 3. L. 51: p. 315, � 6. CRS 53: � 38-1-18. C.R.S. 1963: � 38-1-18. L. 67: p. 321, � 15. L. 75: Entire section amended, p. 395, � 3, effective June 16. L. 81: Entire section amended, p. 613, � 3, effective July 1. L. 83: Entire section amended, p. 485, � 8, effective July 1. L. 84: Entire section amended, p. 375, � 9, effective July 1.