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Tex. Business Organizations Code § 251.301

LIMITATIONS ON RETURN ON CAPITAL

Texas · Texas Business Organizations Code · Status: effective

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Tex. Business Organizations Code § 251.301, LIMITATIONS ON RETURN ON CAPITAL, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/584356
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(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.