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Tex. Finance Code § 62.158

DIVIDENDS ON CAPITAL STOCK

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 62.158, DIVIDENDS ON CAPITAL STOCK, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645333
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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.