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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 12 - Banks and Banking |
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Chapter IX - Federal Housing Finance Board |
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SubChapter B - Federal Housing Finance Board Organization and Operations |
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Part 934 - OPERATIONS OF THE BANKS |
§ 934.17 - Bank dividends.
Latest version.
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A Bank's board of directors may declare and pay a dividend only from previously retained earnings or current net earnings, and only if such payment will not result in a projected impairment of the par value of the capital stock of the Bank. Dividends on such capital stock shall be computed without preference.