Maine Statutes
§ 13 §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.
Free access — add to your briefcase to read the full text and ask questions with AI
Maine § 13 §1507 (Limitation on return on capital) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
13
§ 13 §1501
Definitions§ 13 §1502
Existing cooperative groups§ 13 §1504
Laws not applicable§ 13 §1505
Taxation§ 13 §1506
Registration as dealers in securities§ 13 §1507
Limitation on return on capital§ 13 §1552
Who may incorporate§ 13 §1553
Purposes§ 13 §1554
Powers§ 13 §1555
Bylaws§ 13 §1556
Meetings