S-39 - Stock-breeding Syndicates Act

Full text
28. The general meeting, taking such statement as a basis, shall determine the amount of the dividends which it shall declare.
The syndicate may have a reserve fund equal to the subscribed capital. So long as the syndicate does not have such reserve fund, the total amount of dividends declared yearly shall not exceed 6 % on the paid-up capital.
R. S. 1964, c. 115, s. 28.