TITLE 7
Corporations, Associations, and Partnerships

CHAPTER 7-8
Consumers' Cooperatives

SECTION 7-8-16

§ 7-8-16. Restriction on dividends.

The return upon capital shall not exceed six percent (6%) per year upon the paid up capital and is noncumulative.

History of Section.
(P.L. 1947, ch. 1976, § 15; G.L. 1956, § 7-8-16.)

TITLE 7 Corporations, Associations, and Partnerships

CHAPTER 7-8 Consumers' Cooperatives

SECTION 7-8-16

TITLE 7
Corporations, Associations, and Partnerships

CHAPTER 7-8
Consumers' Cooperatives