State Codes and Statutes

Statutes > North-carolina > Chapter_54 > GS_54-126

§54‑126.  Apportionment of earnings.

The net earnings or lossesshall be apportioned among the members in accordance with the ratio which eachmember's patronage during the period involved bears to total patronage by allmembers during the period. "Patronage" means amount of purchases,sales, business, labor, wages or other similar criteria. (1915,c. 144, s. 13; C.S., s. 5257; 1925, c. 179, s. 5; 1985, c. 542, s. 6.)

State Codes and Statutes

Statutes > North-carolina > Chapter_54 > GS_54-126

§54‑126.  Apportionment of earnings.

The net earnings or lossesshall be apportioned among the members in accordance with the ratio which eachmember's patronage during the period involved bears to total patronage by allmembers during the period. "Patronage" means amount of purchases,sales, business, labor, wages or other similar criteria. (1915,c. 144, s. 13; C.S., s. 5257; 1925, c. 179, s. 5; 1985, c. 542, s. 6.)


State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_54 > GS_54-126

§54‑126.  Apportionment of earnings.

The net earnings or lossesshall be apportioned among the members in accordance with the ratio which eachmember's patronage during the period involved bears to total patronage by allmembers during the period. "Patronage" means amount of purchases,sales, business, labor, wages or other similar criteria. (1915,c. 144, s. 13; C.S., s. 5257; 1925, c. 179, s. 5; 1985, c. 542, s. 6.)