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D.C. Code § 29-922

Limitations upon the return on capital

Known as the General Cooperative Association Act

The act spans §§ 29–29 (39 sections).

July 2, 2011, D.C

(a) The return upon capital shall not exceed 6% per annum upon the paid-up capital and shall be noncumulative.

(b) Total return upon capital distributed for any single period shall not exceed 50% of the net savings for that period.

Official source: D.C. Law Library (Council of the District of Columbia). Reproduced from public-domain District of Columbia statutes; confirm against the official source for the current text. Not legal advice.