Dividends on the common stock shall be paid only after dividends are paid on the preferred stock, and the required surplus fund set aside, and shall be not greater than 6 percent per annum, except as provided in this chapter. Dividends on preferred stock shall be not greater than 12 percent per annum and shall be cumulative.
Structure Delaware Code
Chapter 85. CORPORATION LAW FOR COOPERATIVE AGRICULTURAL ASSOCIATIONS
Subchapter III. Stock and Stockholders; Financial Operations
§ 8531. Issue, redemption and transfer of stock.
§ 8533. Liability of stockholders and officers for debts of association.
§ 8534. Voting rights of stockholders.