There Is a Newer Version
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the New Mexico Statutes
2011 New Mexico Statutes
Chapter 53: Corporations
Article 4: Cooperative Associations, 53-4-1 through 53-4-45
Section 53-4-22: Limitations on interest-dividends.
Universal Citation:
NM Stat § 53-4-22 (1996 through 1st Sess 50th Legis)
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on the American Association of Law Libraries Universal Citation Guide and is not
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53-4-22. Limitations on interest-dividends.
Interest-dividends shall not exceed fifteen percent per year and shall be noncumulative. Total interest-dividends distributed for any single period shall not exceed fifty percent of the net savings for that period.
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