GroundRules
Tex. Business Organizations Code § 251.301: LIMITATIONS ON RETURN ON CAPITAL.
Where this section sits in the code
- BUSINESS ORGANIZATIONS CODE
- TITLE 6. ASSOCIATIONS
- CHAPTER 251. COOPERATIVE ASSOCIATIONS
- SUBCHAPTER G. CAPITAL AND NET SAVINGS
(a) Except as otherwise provided by the cooperative association's bylaws, an investment dividend of a cooperative association may not be cumulative and may not exceed eight percent of investment capital.
(b) Total investment dividends distributed for a fiscal year may not exceed 50 percent of the net savings for the period.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Collected 2026-08-27T01:46:58Z. Source file · JSON