Home/New Mexico/Statutes/Ch. 53: Corporations/Art. 4: Cooperative Associations/§ 53-4-22
New Mexico Statutes

§ 53-4-22 — Limitations on interest-dividends

New Mexico·Ch. 53 Corporations·Art. 4 Cooperative Associations
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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Legislative History

Laws 1939, ch. 164, § 22; 1941 Comp., § 54-1422; 1953 Comp., § 51-15-22;

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