Tex. Finance Code § 62.158
This is the official text of Tex. Finance Code § 62.158, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 62.158. DIVIDENDS ON CAPITAL STOCK.
Official statutory text
The board of a capital stock association may declare and pay a dividend out of current or retained income, in cash or additional stock, to the holders of record of the stock outstanding on the date the dividend is declared.
Status: in_force · Read it on the official government site
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