Section 4-26-617 - Dividends - General powers of board

The board of directors may from time to time declare, and the corporation may pay, dividends on its outstanding shares, which dividends may be payable in cash or property or may be payable in the shares of the corporation. However, the declaration and payment of all dividends shall be subject to the provisions and restrictions contained in §§ 4-26-618 and 4-26-619.Acts 1965, No. 576, § 45; A.S.A. 1947, § 64-402.