Section 29-922 - Limitations upon the return on capital

Limitations upon the return on capital

(a) The return upon capital shall not exceed 6% per annum upon the paid-up capital and shall be noncumulative.

(b) Total return upon capital distributed for any single period shall not exceed 50% of the net savings for that period.

CREDIT(S)

(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications
2001 Ed., § 29-922.
1981 Ed., § 29-1122.
1973 Ed., § 29-822.
Legislative History of Laws
For history of Law 18-378, see notes under § 29-101.01.
Editor's Notes
Former § 29-922 has been recodified as § 29A-922.

Current through September 13, 2012