Statutes > New Mexico Statutes > Chapter 53 - Corporations. > Article 4 - Cooperative Associations, 53-4-1 through 53-4-45. > Section 53-4-22 - Limitations on interest-dividends.

Section 53-4-22 - Limitations on interest-dividends.

53-4-22. Limitations on interest-dividends.

Interest-dividends shall not exceed fifteen percent per year and shall be noncumulative. Total interest-dividends distributed for any single period shall not exceed fifty percent of the net savings for that period.