Dividend proration basis

Dividend proration basis means the use of a 360-day year of 12 30-day months for purposes of computing dividend payments.

Source

12 CFR § 209.1


Scoping language

Authority. This part is issued pursuant to 12 U.S.C. 222, 248, 282, 286-288, 289, 321, 323, 327-328, and 466.

Is this correct? or