{"data":{"id":"us-nj/n.j.-stat.-34-17-14","jurisdiction":"us-nj","citation":"N.J. Stat. § 34:17-14","heading":"Distribution of profits;  sinking fund","body":"There shall be such distribution of the profits of such society among the workmen, purchasers and members as shall be prescribed in the certificate of association, at such times as therein prescribed, as often at least as once in twelve months, but no such distribution shall be made until a sum equal to five  per cent of the net profits shall have been appropriated for a contingent or  sinking fund and such appropriation shall continue to be made until there shall  be accumulated a sum equal to thirty per cent of the capital stock of such  society.","path":["TITLE 34 LABOR AND WORKMEN'S COMPENSATION"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"c630ee8f6832c528cb4113ccbe19fb206f31d554a70c8e713eb1df162facf11a","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-34-17-13","next":"us-nj/n.j.-stat.-34-17-15"},"notice":"GroundRules: Original legal text. Not legal advice."}