[§421C-19]  Limitations on
interest-dividends.  (a)  Interest-dividend interest on share or membership
capital shall not exceed the current annual Consumer Price Index percentage
increase, or eight per cent, whichever is greater.  Interest on loans by members
to the association shall not be limited by this section.



(b)  Total interest-dividends distributed for
any single period shall not exceed thirty per cent of the net savings for that
period.  Interest-dividends are noncumulative and the association shall have
the right to confiscate all interest-dividends not claimed within six months
after the notice of the distribution has been made by either mail or by
prominent sign in all the association's locations. [L 1982, c 97, pt of §2]