Maine Statutes
§ 13 §1507 — Limitation on return on capital
Maine § 13 §1507
This text of Maine § 13 §1507 (Limitation on return on capital) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Me. Rev. Stat. tit. 13, § 13 §1507 (2026).
Text
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.
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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
MeetingsCite This Page — Counsel Stack
Bluebook (online)
Maine § 13 §1507, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/13%20%C2%A71507.