Texas § BO.251.301 - LIMITATIONS ON RETURN ON CAPITAL
Full text of Texas The Texas Constitution § BO.251.301 — LIMITATIONS ON RETURN ON CAPITAL, with citation guidance and answers to common questions.
§ BO.251.301. LIMITATIONS ON RETURN ON CAPITAL
LIMITATIONS ON RETURN ON CAPITAL. (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. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Frequently Asked Questions About Texas § BO.251.301
What does The Texas Constitution § BO.251.301 cover?
Section BO.251.301 ("LIMITATIONS ON RETURN ON CAPITAL") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § BO.251.301?
A common citation format is "The Texas Constitution § BO.251.301" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § BO.251.301 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.