§ 106.102. Period of Bonus Certificate or Share.

Latest version.

The board of directors of an association may determine a bonus rate of return on shares or investment certificates for a period not to exceed ten years.

HISTORY

1. Change without regulatory effect renumbering former Section 212 to Section 106.102 (Register 87, No. 14). For prior history, see Register 83, No. 4.

Note

Note: Authority cited: Section 5255, Financial Code. Reference: Section 7400.1, Financial Code.

                    
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