Oregon Code § 723.406·Enacted ·Last updated March 01, 2026
Statute Text
Dividends.
(1) At
such intervals and for such periods as the board of directors may authorize,
and after provision for the required reserves, the board of directors may
declare dividends to be paid on shares or share certificates. Dividends may be
paid at various rates, or not paid at all, with due regard to the conditions
that pertain to each class of share.
(2) Subject to
the approval of the board of directors, accounts closed between dividend
periods may be credited with dividends at the rate set by the board of
directors. [1975 c.652 §43; 1985 c.206 §1; 1985 c.801 §5; 1995 c.319 §2; 2001
c.308 §4]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 723.406
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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