Title 2, Chapter 10, Section 106
( 2-10-106)
Net income of a cooperative association organized under this
article, in excess of additions to reserves, surpluses, and other
authorized deductions, may be distributed to members and to
nonmember patrons on the basis of patronage. Any distribution of
reserves or surpluses at any time shall be made to members at the
time distribution is ordered and to other persons entitled thereto
on the basis of patronage. |