Every building and loan association duly licensed or registered, provided its charter shall permit, may provide either in its bylaws or by a resolution or resolutions of its board of directors a schedule of varying rates of dividends for different classes of shares of stock, and different types of shares within any class, including any type of share or account available to federally chartered associations operating in this State.

32 Del. Laws, c. 107, § ?3; 33 Del. Laws, c. 112, § ?1; Code 1935, § ?2338; 43 Del. Laws, c. 136, § ?1; 5 Del. C. 1953, § ?1904; 50 Del. Laws, c. 218, § ?2; 61 Del. Laws, c. 380, § ?2; 68 Del. Laws, c. 105, § ?16;

Terms Used In Delaware Code Title 5 Sec. 1904

  • State: means the State of Delaware; and when applied to different parts of the United States, it includes the District of Columbia and the several territories and possessions of the United States. See Delaware Code Title 1 Sec. 302