{
  "urn": "urn:us-la:rs:6:937",
  "title_number": "6",
  "section_number": "937",
  "citation": "R.S. 6:937",
  "heading": "Dividends; requirements",
  "text": "A. The provisions of R.S. 6:1207, and any rules and regulations promulgated thereunder, shall be applicable to associations in the same manner as they are to savings banks.\n\nB. If a capital stock association results from conversion of a mutual association, a cash dividend shall not be declared to the holders of common stock of the association during the two-year period immediately following the conversion if the payment of a cash dividend would result in the reduction of the net worth account below the amount which existed in that account at the time of conversion.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "6",
      "name": "BANKS AND BANKING"
    },
    {
      "level": "chapter",
      "number": "9",
      "name": "HOMESTEAD AND SAVINGS AND LOAN"
    },
    {
      "level": "part",
      "number": "XVII",
      "name": "MISCELLANEOUS PROVISIONS RELATIVE TO CAPITAL STOCK ASSOCIATIONS"
    }
  ],
  "breadcrumb": "Title 6 › Chapter 9 › Part XVII",
  "acts_citations": [
    {
      "act_year": 1983,
      "act_number": 675,
      "section": 1,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "enactment"
    },
    {
      "act_year": 2003,
      "act_number": 56,
      "section": 1,
      "effective_date": "2003-05-23",
      "effective_date_raw": "May 23, 2003",
      "role": "amendment"
    }
  ],
  "acts_citations_raw": "Acts 1983, No. 675, §1; Acts 2003, No. 56, §1, eff. May 23, 2003.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=106237",
  "website_law_id": 106237,
  "scrape_timestamp": "2026-05-22T23:52:52Z",
  "source_html_hash": "sha256:a639b5a00673a12bea64b2f9e9f7989bf90c3144f9abd674f17922b94baad953",
  "schema_version": "1.0.0"
}