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Texas Vernon's Civil Statutes

§ 1524f — RATE OF RETURN RESTRICTED

CV § 1524fTitle 32. CORPORATIONS · Ch. 17. TRUST COMPANIES AND INVESTMENTS

Statute text

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The governing body fixing the rate of return for a corporation organized under the provisions of Section 1 of this Act shall not fix such rates of return to yield a net amount in excess of eight (8%) per cent upon the invested capital of such corporation.

Legislative history

Acts 1932, 42nd Leg., 3rd C.S., p. 107, ch. 42, Sec. 5.

Source: Texas Vernon's Civil Statutes § 1524f from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.