497.20 When dividends distributed.
54 words·~1 min read·
/ia/chapter-497-cooperative-associations/497-20·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The profits or net earnings of such associations shall be distributed to those entitled thereto, at such times as the bylaws shall prescribe, which shall be as often as once in twelve months.
[SS15, §1641-r14; C24, 27, 31, 35, 39, §8478; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §497.20]