Maine Revised Statutes Title 13 Sec. 1507 – Limitation on return on capital
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Terms Used In Maine Revised Statutes Title 13 Sec. 1507
- Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72
The return upon capital shall not exceed 6% per year upon the paid-up capital and shall be noncumulative.
Total return upon capital distributed for any single period shall not exceed 50% of the net savings for that period.