Dividends--Definition

SDCL § 51A-3-17.1 — under ORGANIZATION, APPLICATIONS, AND CAPITAL STRUCTURE OF BANKING CORPORATIONS.

SDCL § 51A-3-17.1

For the purposes of this chapter, dividends are any distribution of funds made by the bank to a shareholder from current or accumulated earnings except for fees or salaries. Source: SL 1998, ch 279 , § 1.