Arizona Arizona Revised Statutes
§ 6-187 — Authority to declare dividends; limitation
ARS § 6-187Title 6. Banks and Financial Institutions · Ch. 2. BANK ORGANIZATION AND REGULATION · Art. 1. General Provisions
Statute text
View on source6-187. Authority to declare dividends; limitation The board of directors of a bank may declare dividends as allowed by the general laws governing Arizona corporations, except that dividends payable other than in the bank's own stock may be paid out of capital surplus only with the approval of the deputy director.