N.D. Cent. Code § 10-15-14
This is the official text of N.D. Cent. Code § 10-15-14, part of North Dakota’s Cent. Code — part of the compiled statutory law of North Dakota, published by the state as "Cent. Code." Browse the sections below, each linked to its official government source.
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10-15-14. Promotion expense - Limitation
Official statutory text
10-15-14. Promotion expense - Limitation
No cooperative funds may be used, nor any stock issued, in payment of any promotion
expenses in excess of ten percent of the paid-up capital stock or membership fees. No
commission or expenses shall be paid on the sale of stock in excess of ten percent of the par
value thereof, and the commission or expense shall be added to the selling price of the stock.
No cooperative funds may be used, nor any stock issued, in payment of any promotion
expenses in excess of ten percent of the paid-up capital stock or membership fees. No
commission or expenses shall be paid on the sale of stock in excess of ten percent of the par
value thereof, and the commission or expense shall be added to the selling price of the stock.
Status: in_force · Read it on the official government site
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