Texas Statutes
§ 251.301 — LIMITATIONS ON RETURN ON CAPITAL.
Texas § 251.301
JurisdictionTexas
Code BOBusiness Organizations Code
This text of Texas § 251.301 (LIMITATIONS ON RETURN ON CAPITAL.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Business Organizations Code Code Ann. § 251.301 (2026).
Text
Sec. 251.301. LIMITATIONS ON RETURN ON CAPITAL.
(a)Except as otherwise provided by the cooperative association's bylaws, an investment dividend of a cooperative association may not be cumulative and may not exceed eight percent of investment capital.
(b)Total investment dividends distributed for a fiscal year may not exceed 50 percent of the net savings for the period.
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Legislative History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Nearby Sections
15
§ 251.001
DEFINITIONS.§ 251.003
EXEMPTION.§ 251.051
ORGANIZATION MEETING.§ 251.053
BYLAWS.§ 251.054
RESTATED CERTIFICATE OF FORMATION.§ 251.101
BOARD OF DIRECTORS.§ 251.102
OFFICERS.§ 251.103
REMOVAL OF DIRECTORS AND OFFICERS.§ 251.104
REFERENDUM.§ 251.151
ELIGIBILITY AND ADMISSION.§ 251.152
EXPULSION.§ 251.153
SUBSCRIBERS.§ 251.154
LIABILITY.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 251.301, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/BO/251.301.