Georgia Statutes
§ 2-10-106 — Distribution of excess income, reserves, or surpluses
Georgia·Title 2
Net income of a cooperative association organized under this article, in excess of additions to reserves, surpluses, and other authorized deductions, may be distributed to members and to nonmember patrons on the basis of patronage. Any distribution of reserves or surpluses at any time shall be made to members at the time distribution is ordered and to other persons entitled thereto on the basis of patronage.
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Nearby Sections
15
§ 2-1-1
Definitions§ 2-10-1
through 2-10-39 - Reserved§ 2-10-102
Activities in connection with agricultural products and furnishing farm business services generally§ 2-10-103
Engaging in business for nonmembers§ 2-10-103-1
Power to acquire debt or equity of, create or own, and control and manage business entities§ 2-10-104
Annual reports