R.I. Gen. Laws § 7-8-16

Restriction on dividends

Known as the Consumer Cooperative Association Law

The act spans §§ 7–7 (35 sections).

P.L. 1947, ch. 1976, § 15; G.L. 1956, § 7-8-16.

The return upon capital shall not exceed six percent (6%) per year upon the paid up capital and is noncumulative.

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.