Colorado § 11-103-406 - Dividends - when payable.
Full text of Colorado Colorado Revised Statutes § 11-103-406 — Dividends - when payable., with citation guidance and answers to common questions.
§ 11-103-406. Dividends - when payable.
The board of directors of a state bank may declare dividends from retained earnings and from other components of capital specifically approved by the banking board so long as the declaration is made in compliance with the rules established by the banking board.
Source: L. 2003: Entire article added with relocations, p. 1090, § 3, effective July 1.
Editor's note: This section is similar to former § 11-3-118 as it existed prior to 2003.
PART 5
DIRECTORS AND OFFICERS
Frequently Asked Questions About Colorado § 11-103-406
What does Colorado Revised Statutes § 11-103-406 cover?
Section 11-103-406 ("Dividends - when payable.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. 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 Colorado § 11-103-406?
A common citation format is "Colorado Revised Statutes § 11-103-406" (Colorado). 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 Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 11-103-406 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado 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 Colorado.