{"data":{"id":"us-tx/tex.-finance-code-62.158","jurisdiction":"us-tx","citation":"Tex. Finance Code § 62.158","heading":"DIVIDENDS ON CAPITAL STOCK.","body":"The board of a capital stock association may declare and pay a dividend out of current or retained income, in cash or additional stock, to the holders of record of the stock outstanding on the date the dividend is declared.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE B. SAVINGS AND LOAN ASSOCIATIONS","CHAPTER 62. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS","SUBCHAPTER D. OPERATIONS AND FINANCES"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.62.htm#62.158","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"b29062efb39d0c9cae82d937694275d370607806917e29009f3076a3cbc6286a","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-62.157","next":"us-tx/tex.-finance-code-62.159"},"notice":"GroundRules: Original legal text. Not legal advice."}