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The board of directors of a credit union may authorize an interest refund to members at the close of any dividend period after dividends have been declared and amounts have been set aside to pay such dividends. An interest refund may vary and be paid according to reasonable classifications of loans.
History: Eff. 1/21/81, Register 77
Authority: AS 06.45.010
AS 06.45.120 (b)(7)
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Last modified 7/05/2006