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HomeFinancial CodeDiv. 5Ch. 6Art. 2§ 14900 Minimum Share Account Dividends

§ 14900 Minimum Share Account Dividends

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 14900 Minimum Share Account Dividends

This law says a company doesn't have to give dividend money to a share account if the account balance is lower than the minimum amount set in the company's rules.

Key Takeaways

  • •Dividends are only required when the account meets the minimum balance set by the bylaws.
  • •If the balance is lower than that minimum, the company can choose not to pay dividends.
  • •The minimum balance is decided by the company's own rules (bylaws).

Example

Jane has a share account with a balance of $8, but the company's bylaws say the minimum balance to earn dividends is $10.

Because Jane's balance is below the $10 rule, the company can skip paying her any dividend.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 14900 Minimum Share Account Dividends

Dividends need not be paid on a share account having less than the minimum balance prescribed in the bylaws. (Amended by Stats. 2018, Ch. 267, Sec. 7. (AB 2862) Effective January 1, 2019.)

Last verified: January 11, 2026

Key Terms

Dividendsshare accountminimum balancebylaws

Related Statutes

  • § 17633 Conservator Calling Meetings
  • § 14861 Credit Union Share Issuance
  • § 14865 Credit Union Share Accounts
  • § 14901 Credit Union Dividend Rates
  • § 14902 Credit Union Dividend Rules

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 14900.
View Official Source