GroundRules
53-4-22: Limitations on interest-dividends.
Where this section sits in the code
- Chapter 53 - Corporations
- ARTICLE 4 Cooperative Associations
Interest-dividends shall not exceed fifteen percent per year and shall be noncumulative. Total interest-dividends distributed for any single period shall not exceed fifty percent of the net savings for that period.
Collected 2026-09-03T15:02:20Z. Source file · JSON