Tex. Bus. Orgs. Code § 251.301 · Subchapter G. CAPITAL AND NET SAVINGS
LIMITATIONS ON RETURN ON CAPITAL.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BO/htm/BO.251.htm
- Text hash
- sha256 6ee3cebbfecf822dd91161ca635ea6459fcb4cf2899874371216036ca4f3fd5d
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
Provisions in this library whose text cites Tex. Bus. Orgs. Code § 251.301. Each shows the citation as that text prints it.
Business Organizations Code
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