| << Previous Section (7-2-15) | Next Section (7-2-17) >> |
Financial Institutions Act | |
Possession of Depository Institution by Commissioner | |
Section 16 | Interim ratable dividends. |
|
7-2-16. Interim ratable dividends. At any time after the expiration of the date fixed for the presentation of claims and prior to the declaration of a final dividend the commissioner may, out of the funds remaining in his hands after the payment of expenses, declare and pay, subject to their priorities established under Section 7-2-15, one or more interim ratable dividends to any person and in the amount and upon such notice as the court directs.
Amended by Chapter 267, 1989 General Session |
| << Previous Section (7-2-15) | Next Section (7-2-17) >> |