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Current as of January 01, 2024 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 251.301. Limitations on Return on Capital - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-251-301/
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