Statutes > Washington Statutes > Title 32 - Mutual savings banks > 32.32 - Conversion of mutual savings bank to capital stock savings bank. > 32.32.222 - Dividends on preferred stock.

32.32.222 - Dividends on preferred stock.

Dividends on preferred stock.

A converted mutual savings bank may pay dividends on preferred stock at the rate or rates agreed in connection with the issuance of preferred stock if such issuance has been approved by the director.

[1994 c 92 § 365; 1985 c 56 § 24.]