§ 3-10-11 - Limit on wholesaler's profits – Payment of excess to state. - Rhode-island Statutes

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Statutes > Rhode-island > Title-3 > Chapter-3-10 > 3-10-11

SECTION 3-10-11

§ 3-10-11 Limit on wholesaler's profits– Payment of excess to state. – Every holder of a wholesaler's license is entitled only to retain for himselfor herself those profits in his or her business as are necessary to repair lossor shrinkage in his or her capital invested in the business plus nine percent(9%) per annum cumulatively upon the amount of capital actually invested in thebusiness. All profits in excess of that amount shall be paid annually by thewholesaler to the treasurer of the state for its own use.

State Codes and Statutes

Statutes > Rhode-island > Title-3 > Chapter-3-10 > 3-10-11

SECTION 3-10-11

§ 3-10-11 Limit on wholesaler's profits– Payment of excess to state. – Every holder of a wholesaler's license is entitled only to retain for himselfor herself those profits in his or her business as are necessary to repair lossor shrinkage in his or her capital invested in the business plus nine percent(9%) per annum cumulatively upon the amount of capital actually invested in thebusiness. All profits in excess of that amount shall be paid annually by thewholesaler to the treasurer of the state for its own use.

State Codes and Statutes

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State Codes and Statutes

Statutes > Rhode-island > Title-3 > Chapter-3-10 > 3-10-11

SECTION 3-10-11

§ 3-10-11 Limit on wholesaler's profits– Payment of excess to state. – Every holder of a wholesaler's license is entitled only to retain for himselfor herself those profits in his or her business as are necessary to repair lossor shrinkage in his or her capital invested in the business plus nine percent(9%) per annum cumulatively upon the amount of capital actually invested in thebusiness. All profits in excess of that amount shall be paid annually by thewholesaler to the treasurer of the state for its own use.