Arizona § 6-440 - Apportionment of profits
Full text of Arizona Arizona Revised Statutes § 6-440 — Apportionment of profits, with citation guidance and answers to common questions.
§ 6-440. Apportionment of profits
The board of directors may apportion the profits of the association as the bylaws may prescribe, and each apportionment shall be made in accordance with the following procedure:
1. Proper allocation first shall be made to accrued interest on accounts.
2. Proper allocation then shall be made to any reserves required by law or the deputy director.
3. Additional allocations then may be made to such special reserves as the board of directors may have established.
4. Dividends then may be declared if the bylaws so provide on shares of guaranty capital, in accordance with this chapter.
5. The residue of such profits may be held as undivided profits.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 6-440
What does Arizona Revised Statutes § 6-440 cover?
Section 6-440 ("Apportionment of profits") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 6-440?
A common citation format is "Arizona Revised Statutes § 6-440" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 6-440 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.