District of Columbia Statutes
§ 29-922 — Limitations upon the return on capital.
District of Columbia·Title 29 Business Organizations. [Enacted title]·Ch. 9 General Cooperative Associations.
(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.
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Legislative History
July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720
Nearby Sections
15
§ 29-1001.01
Short title.§ 29-1001.02
Definitions.§ 29-1001.03
Nature of limited cooperative association.§ 29-1001.05
Powers.§ 29-1001.06
Governing law.§ 29-1001.07
Requirements of other laws.§ 29-1001.09
Effect of organic rules.§ 29-1001.10
Required information.§ 29-1001.12
Dual capacity.