Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 251.301 - 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.Tex. Bus. Org. Code § 251.301
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.