GroundRules
13 M.R.S. §1507: Limitation on return on capital
Where this section sits in the code
- TITLE 13: CORPORATIONS
- PART 2: CORPORATIONS WITHOUT CAPITAL
- CHAPTER 85: COOPERATIVES
- SUBCHAPTER 1: CONSUMER COOPERATIVES
- ARTICLE 1: GENERAL PROVISIONS
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.
Collected 2026-09-04T15:12:27Z. Source file · JSON