# The Legislative Reform (Industrial and Provident Societies and Credit Unions) Order 2011, Article 21: Dividends

Extent: E+W+S

In section 14 (computation and application of profits), for subsection (4), substitute—
“(4) The dividend payable on any shares of a credit union shall—
(a) on its dissolution, not exceed a rate of 8 per cent per annum or such other rate as may be specified by order made by the Treasury; and
(b) at any other time, not exceed that rate except to the extent that the rules of the credit union provide otherwise.”

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Source: https://www.legislation.gov.uk/uksi/2011/2687/article/21 (the official version)
Page: https://openlegislation.uk/legislative-reform-industrial-and-provident-societies-and-credit-unions-order-2011/article-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.