There Is a Newer Version
of
the Maine Revised Statutes
2011 Maine Revised Statutes
TITLE 13: CORPORATIONS
Chapter 85: COOPERATIVES
13 §1507. Limitation on return on capital
Universal Citation:
13 ME Rev Stat § 1507 (2011 through 125th Legis)
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.
Part 2: CORPORATIONS WITHOUT CAPITAL
Subchapter 1: CONSUMER COOPERATIVES
§1507. Limitation on return on capital
The return upon capital shall not exceed 6% per year upon the paid-up capital and shall be noncumulative.
Total return upon capital distributed for any single period shall not exceed 50% of the net savings for that period.
Disclaimer: These codes may not be the most recent version. Maine may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
