§ 9310. Distribution of excess earnings
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 15 Pa.C.S.A. Corporations and Unincorporated Associations
15 Pa.C.S.A. § 9310
§ 9310. Distribution of excess earnings
The board of governors may establish what portion of excess earnings of the association shall be distributed among the associates. Any distribution of excess earnings of the association shall be made to each associate according to his proportionate ownership in the association.
Credits
1988, Dec. 21, P.L. 1444, No. 177, § 103, effective Oct. 1, 1989.
15 Pa.C.S.A. § 9310, PA ST 15 Pa.C.S.A. § 9310
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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