{"data":{"id":"us-ky/krs-286.6-325","jurisdiction":"us-ky","citation":"KRS 286.6-325","heading":"Dividends -- Approval of commissioner required prior to payment.","body":"(1) At such intervals and for such periods as the board of directors may authorize, and\nafter provision for the required reserves, the board of directors may declare\ndividends to be paid on shares and share certificates from net earnings. Prior\napproval of the  commissioner shall be required for the payment of dividends in\nexcess of net earnings, except that if the excess is less than one percent (1%) of\nundivided earnings prior approval shall not be required.\n(2) Dividends may be paid at various rates, or not p aid at all, with due regard to the\nconditions that pertain to each class of share.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=14791","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:13Z","sha256":"249488d0564bc502403aa09db6ee18eda2a2d30d0e0ccaab47cf536362ffe084","source_id":"us-ky","stale":false,"prev":"us-ky/krs-286.6-320","next":"us-ky/krs-286.6-335"},"notice":"GroundRules: Original legal text. Not legal advice."}