 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1910 - 806 pages
...accrued or due from said bank, as they shall judge expedient; but before any such dividend is declared not less than onetenth of the net profits of the bank...is covered by the dividend, shall be carried to a surplus fund until such surplus shall amount to twenty per cent, of its capital stock." The capital... | |
 | Michigan - 1887
...accrued or due from said bank, as they shall judge expedient; but before any such dividend is declared not less than one-tenth of the net profits of the...is covered by the dividend, shall be carried to a surplus fund until such surplus shall amount to twenty per cent of its capital stock. Fraudulentiy... | |
 | Michigan. Legislature - 1889 - 730 pages
...accrued or due from said bank, as they shall judge expedient; but before any such dividend is declared not less than one-tenth of the net profits of the...is covered by the dividend, shall be carried to a surplus fund until such surplus shall amount to twenty per cent of its capital stock. fecAe°viUn'cntIy... | |
 | Michigan. Banking Division - 1891 - 178 pages
...accrued or due from said bank, as they shall judge expedient; but before any such dividend is declared not less than one.tenth of the net profits of the...is covered by the dividend, shall be carried to a surplus fund until such surplus shall amount to twenty per cent of its capital stock. SEC. 14. The... | |
 | Michigan. Legislature - 1891 - 1144 pages
...judge expedient; but before any such dividend is declared not less than one-tenth of the netprofits of the bank for the preceding half year, or for such...is covered by the dividend, shall be carried to a surplus fund until such surplus shall anioimt to twenty per cent of its capital stock. SEC. 14. The... | |
 | Michigan - 1891 - 486 pages
...but before any such dividend is declared not less than onetenth of the net profits of the company of the preceding half year, or for such period as is covered by the dividend, shall be carried to a surplus fund until such surplus shall amount to twenty per cent of its capital stock. The directors... | |
 | Michigan. Banking Division - 1892 - 330 pages
...would therefore suggest that State banks be required to carry to a surplus account twenty per cent of the net profits of the bank for the preceding half...or for such period as is covered by the dividend, until such surplus shall amount to fifty per cent of its capital stock, and that all surplus up to... | |
 | Michigan. Banking Division - 1892 - 312 pages
...accrned or dne from said bank, as they shall jndge expedient; bnt before any snch dividend is declared not less than one-tenth of the net profits of the bank for the preceding half year, or for snch period as is covered by the dividend, shall be carried to a snrplns fnnd nntil snch snrphis shall... | |
 | Michigan. Banking Division - 1895 - 352 pages
...they shall judge expedient; but before any such dividend is declared not less than onetenth of the nct profits of the bank for the preceding half year, or...is covered by the dividend, shall be carried to a surplus fand until such surplus shall amount to twenty per cent of its capital stock. SEC. 14. The... | |
 | Wisconsin - 1897 - 1392 pages
...accrued or due from said bank, as they shall deem expedient; but before any such dividend is declared, not less than one-tenth of the net profits of the...is covered by the dividend, shall be carried to a surplus fund, until such surplus fund shuii amount to twenty per cent, of the capital stock. No dividend... | |
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... not less than one.tenth of the net profits of the bank for the preceding half year, or for such period as is covered by the dividend, shall be carried to a surplus fund until such surplus shall amount to twenty per cent of its capital stock. 
