Texas Business Organizations Code
Sec.
§
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, Sec. 1, eff. Jan. 1, 2006.