{"data":{"id":"us-la/rs-6-937","jurisdiction":"us-la","citation":"RS 6:937","heading":"Dividends; requirements","body":"A. The provisions of R.S. 6:1207, and any rules and regulations promulgated thereunder, shall be applicable to associations in the same manner as they are to savings banks.\nB. If a capital stock association results from conversion of a mutual association, a cash dividend shall not be declared to the holders of common stock of the association during the two-year period immediately following the conversion if the payment of a cash dividend would result in the reduction of the net worth account below the amount which existed in that account at the time of conversion.","path":["TITLE 6. BANKS AND BANKING","PART XVII. MISCELLANEOUS PROVISIONS RELATIVE TO CAPITAL STOCK ASSOCIATIONS"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=106237","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:49:02Z","sha256":"0d640966ffee4ae5292273959e6a0eeecc95dac15ab004c17fc813e38523ef22","source_id":"us-la","stale":false,"prev":"us-la/rs-6-933","next":"us-la/rs-6-938"},"notice":"GroundRules: Original legal text. Not legal advice."}