The profits or net earnings of such association shall be allocated to those entitled thereto, at such times as the bylaws shall prescribe, which shall be as often as once in 12 months.
N.C. Gen. Stat. § 54-127
Time of allocation
1915, c. 144, s. 14; C.S., s. 5258; 1985, c. 542, s. 7.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.