RSA 301-A:28 Distribution of Net Savings.

Net savings shall be allocated or distributed to all members or patrons in proportion to their transactions, patronage, sales, or labor within one or more divisions or departments of the association; provided, that the net savings of an association may be retained to expand its services or to reduce charges to the members or patrons. At least once a year the members or the directors, or both, as the certificate of organization or bylaws may provide, shall apportion the net savings of the association in the following order:
I. At least 10 percent shall be placed in a reserve fund until the general reserve exceeds 30 percent of both the paid in and subscribed capital. Such fund may be used in the general conduct of the business. The amounts apportioned to the reserve fund may be