Rhode Island Statutes
§ 7-8-16 — § 7-8-16. Restriction on dividends.
§ 7-8-16. Restriction on dividends.
The return upon capital shall not exceed six percent (6%) per year upon the paid up capital and is noncumulative.
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Rhode Island § 7-8-16 (§ 7-8-16. Restriction on dividends.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
P.L. 1947, ch. 1976, § 15; G.L. 1956, § 7-8-16.
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 [Repealed.]§ 7-1-15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 [Repealed.]§ 7-1-18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 [Repealed.]§ 7-1-22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 [Repealed.]§ 7-1-24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 [Repealed.]§ 7-1-5.1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 [Repealed.]