Section 7-7-13 Restriction on dividends.

RI Gen L § 7-7-13 (2019) (N/A)
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§ 7-7-13. Restriction on dividends. No association formed under this chapter shall pay over eight percent (8%) per annum on its capital stock or membership capital.

History of Section. (P.L. 1928, ch. 1202, § 6; G.L. 1938, ch. 117, § 6; G.L. 1956, § 7-7-13.)