{"data":{"id":"us-ct/conn.-gen.-stat.-33-193","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 33-193","heading":"Distribution of profits; sinking fund.","body":"There shall be a distribution of the profits or surplus of an association among the member shareholders as is prescribed by the association's bylaws. The board of directors of an association may declare a sum of not more than forty per cent of the net profits or surplus to be appropriated for a contingent or sinking fund, an unallocated reserve fund or a collective account as may be prescribed in the association's bylaws.","path":["TITLE 33. CORPORATIONS","CHAPTER 595. COOPERATIVE ASSOCIATIONS"],"source_url":"https://www.cga.ct.gov/current/pub/chap_595.htm#sec_33-193","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:07:11Z","sha256":"f362934551f3480a222d0f0bd38be2a49a9745e715090d21b8cb8dcde1702874","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-33-192","next":"us-ct/conn.-gen.-stat.-33-194"},"notice":"GroundRules: Original legal text. Not legal advice."}