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Texas Business Organizations Code - Section 251.301. Limitations On Return On Capital

Legal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 251.301. Limitations On Return On Capital

§ 251.301. LIMITATIONS ON RETURN ON CAPITAL.  (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, § 1, eff. Jan. 1, 2006.                     

Last modified: August 10, 2007