Section 5-17-20

Link to law: http://alisondb.legislature.state.al.us/alison/codeofalabama/1975/5-17-20.htm
Published: 2015

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Section 5-17-20

Section 5-17-20Dividends.

The directors may declare a dividend from net earnings as the bylaws may provide.

(Acts 1927, No. 597, p. 696; Code 1940, T. 28, §298; Acts 1971, No. 2294, p. 3698; Acts 1978, No. 469, p. 492, §11.)