R.I. Gen. Laws § 7-7-13

Restriction on dividends

P.L. 1928, ch. 1202, § 6; G.L. 1938, ch. 117, § 6; G.L. 1956, § 7-7-13.

No association formed under this chapter shall pay over eight percent (8%) per annum on its capital stock or membership capital.

Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.