{"data":{"id":"us-ky/krs-272.030","jurisdiction":"us-ky","citation":"KRS 272.030","heading":"Reserve fund.","body":"By a vote of at least two -thirds (2/3) of the stockholders or members, and after the\npayment of a fixed dividend upon its stock, but before the profits are prorated, any\ncooperative corporation may create a reserve fund by setting aside each year ten perce nt\n(10%) to twenty-five percent (25%) of the remainder of the net profits of its business.","path":["KRS Chapter 272"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=13500","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:20Z","sha256":"4ce3d69b8d9fa066018e19561c4916a1dcd2005bcb73b8210f37b1152159a677","source_id":"us-ky","stale":false,"prev":"us-ky/krs-272.020","next":"us-ky/krs-272.040"},"notice":"GroundRules: Original legal text. Not legal advice."}