2019 District of Columbia Code
Title 29 - Business Organizations. [Enacted title]
Chapter 9 - General Cooperative Associations.
§ 29–922. Limitations upon the return on capital.

Universal Citation:
DC Code § 29–922 (2019)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

(a) The return upon capital shall not exceed 6% per annum upon the paid-up capital and shall be noncumulative.

(b) Total return upon capital distributed for any single period shall not exceed 50% of the net savings for that period.

(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)

Prior Codifications

2001 Ed., § 29-922.

1981 Ed., § 29-1122.

1973 Ed., § 29-822.

Section References

This section is referenced in § 29-931.

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