Public Utilities Code § 3090
‹ § 3089§ 3091 ›Open in browserleginfo ↗3090.
The bylaws may prescribe the amount of any dividends which may be declared on the stock or membership capital, which shall not exceed 8 percent per annum, shall be in the nature of interest, and shall not affect the nonprofit character of any association.
(Added by Stats. 1987, Ch. 680, Sec. 1.)