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.
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Last accessed
Jul. 13, 2020