State Codes and Statutes

Statutes > New-mexico > Chapter-53 > Article-4 > Section-53-4-22

53-4-22. Limitations on interest-dividends.

Interest-dividends shall not exceed fifteen percent per year and shall be noncumulative. Total interest-dividends distributed for any single period shall not exceed fifty percent of the net savings for that period.

State Codes and Statutes

Statutes > New-mexico > Chapter-53 > Article-4 > Section-53-4-22

53-4-22. Limitations on interest-dividends.

Interest-dividends shall not exceed fifteen percent per year and shall be noncumulative. Total interest-dividends distributed for any single period shall not exceed fifty percent of the net savings for that period.