Net savings shall be the favorable result of the operations of the cooperative during the fiscal year, after deducting expenses and depreciations. This provision shall not apply to housing cooperatives.
History —Sept. 1, 2004, No. 239, § 19.4.
Net savings shall be the favorable result of the operations of the cooperative during the fiscal year, after deducting expenses and depreciations. This provision shall not apply to housing cooperatives.
History —Sept. 1, 2004, No. 239, § 19.4.