Tex. Business Organizations Code § 251.301
This is the official text of Tex. Business Organizations Code § 251.301, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 251.301. LIMITATIONS ON RETURN ON CAPITAL.
Official statutory text
(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.
(b) Total investment dividends distributed for a fiscal year may not exceed 50 percent of the net savings for the period.
Status: in_force · Read it on the official government site
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