§1507. Limitation on return on capital
38 words·~1 min read·
/me/title-13-corporations/chapter-85-cooperatives/1507·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The return upon capital shall not exceed 6% per year upon the paid-up capital and shall be noncumulative.
Total return upon capital distributed for any single period shall not exceed 50% of the net savings for that period.