Wisconsin § 186.16 - Dividends.
Full text of Wisconsin Wisconsin Statutes § 186.16 — Dividends., with citation guidance and answers to common questions.
§ 186.16. Dividends.
186.16(1) (1) Board establishes dividends. The board of directors shall establish the dividend period. Dividends shall be considered a normal operating expense of the credit union. Rates of dividends and terms of payment may be established and guaranteed in advance by action of the board of directors. The board of directors may classify its accounts and declare dividends which may be at variable rates. 186.16(2) (2) Maximum set by office of credit unions. The office of credit unions may establish the maximum dividend that a credit union and a corporate central credit union may pay in each classification of its savings. 186.16 History History: 1971 c. 193 ; 1979 c. 282 ; 1981 c. 156 ; 1995 a. 27 , 151 . 186.16 Cross-reference Cross-reference: See also ch. DFI-CU 60 , Wis. adm. code.
Frequently Asked Questions About Wisconsin § 186.16
What does Wisconsin Statutes § 186.16 cover?
Section 186.16 ("Dividends.") is part of the Wisconsin Statutes, the codified statutory law of Wisconsin. 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 Wisconsin § 186.16?
A common citation format is "Wisconsin Statutes § 186.16" (Wisconsin). 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 Wisconsin law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Wisconsin official source linked on this page or consult a licensed Wisconsin attorney.
How does Wisconsin § 186.16 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Wisconsin 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 Wisconsin.