There is a newer version of the Connecticut General Statutes
2013 Connecticut General Statutes
Title 33 - Corporations
Chapter 595 - Cooperative Associations
Section 33-193 - Distribution of profits; sinking fund.
CT Gen Stat § 33-193 (2013) What's This?
There shall be such distribution of the profits or earnings of such association among the shareholders as is prescribed by the bylaws; provided no distribution shall be declared or paid until a sum equal to ten per cent of the net profits is appropriated for a contingent or sinking fund and until there has been thereby accumulated a sum equal to twenty per cent of the capital stock.
(1949 Rev., S. 5302).
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