Rhode Island Statutes
§ 7-7-13 — § 7-7-13. Restriction on dividends.
§ 7-7-13. Restriction on dividends.
No association formed under this chapter shall pay over eight percent (8%) per annum on its capital stock or membership capital.
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Rhode Island § 7-7-13 (§ 7-7-13. Restriction on dividends.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
P.L. 1928, ch. 1202, § 6; G.L. 1938, ch. 117, § 6; G.L. 1956, § 7-7-13.
Nearby Sections
15
§ 7-1-1
§ 7-1-1 — 7-1-4. [Repealed.]§ 7-1-15
§ 7-1-15, 7-1-16. [Repealed.]§ 7-1-18
§ 7-1-18 — 7-1-20. [Repealed.]§ 7-1-22
§ 7-1-22. [Repealed.]§ 7-1-24
§ 7-1-24 — 7-1-26. [Repealed.]§ 7-1-5.1
§ 7-1-5.1. [Repealed.]