{"data":{"id":"us-ia/iowa-code-497.18","jurisdiction":"us-ia","citation":"Iowa Code § 497.18","heading":"Educational fund — dividends.","body":"The board may each year, out of remaining net profits, subject to the approval of the association at any general or special meeting:\n1. Provide an educational fund to be used in teaching cooperation, not exceeding five percent of the net profits.\n2. Declare and pay a dividend on the stock, not exceeding ten percent.","path":["Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)","Chapter 497 - COOPERATIVE ASSOCIATIONS"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/497.18.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:12Z","sha256":"4a1fdf7ac634d3e6d01e5b15b2203aed0457b84768a3828c5f9e5efcac5a1b9e","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-497.17","next":"us-ia/iowa-code-497.19"},"notice":"GroundRules: Original legal text. Not legal advice."}