Section 7-8-16 Restriction on dividends.

RI Gen L § 7-8-16 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

§ 7-8-16. Restriction on dividends. The return upon capital shall not exceed six percent (6%) per year upon the paid up capital and is noncumulative.

History of Section. (P.L. 1947, ch. 1976, § 15; G.L. 1956, § 7-8-16.)