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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

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§ 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.

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Last modified: August 11, 2007