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" ... of its net profits of the preceding half year to its surplus fund until the same shall amount to 20 per centum of its capital stock. "
Laws Enacted in the General Assembly of the Commonwealth of Pennsylvania ... - Page 166
by Pennsylvania. Laws, statutes, etc - 1876
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Hand-book for Bank Officers

George Mathewes Coffin - 1893 - 186 pages
...expedient; but each association shall, before the declaration of a dividend, carry onetenth part of its net profits of the preceding half year to its surplus fund until the same shall amount to twenty per centum of its capital stock. SEC. 5204. No association, or any...
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Brightly's Purdon's Digest: A Digest of the Statute Law of the ..., Volume 1

Pennsylvania - 1894 - 1326 pages
...L- 168profits of such corporation as they shall judge expedient, and pay the same to its Dividends. stockholders, on demand, at any time not exceeding...capital stock. If the directors of the corporation shall make any dividends 18 May 1S76 5 16. which shall impair the capital thereof, such directors consenting...
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Hearings and Arguments Before the Committee on Banking and Currency of the ...

United States. Congress. House. Committee on Banking and Currency - 1897 - 626 pages
...corporation. But said corporation shall, before the declaration of a dividend, carry one- tenth part of its net profits of the preceding half year to its surplus fund until the вame shall amount to fifty per centum of its capital stock. times have and keep on hand in lawful...
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The Law of Banks and Banking: Including Acceptance, Demand and Notice of ...

John Maxcy Zane - 1900 - 864 pages
...expedient; but each association shall, before the declaration of a dividend, carry one-tenth part of its net profits of the preceding half year to its surplus fund until the same shall amount to twenty per centum of its Capital stock. SEC. 5200. LIMITATION OF LIABILITY...
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Select Statutes and Other Documents Illustrative of the History of the ...

William MacDonald - 1903 - 466 pages
...expedient ; but each association shall, before the declaration of a dividend, carry one tenth part of its net/ profits of the preceding half year to its surplus fund until the same shall amount to twenty per centum of its capital stock. SEC. 34. [Associations to report to...
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The National Bank Act: With All Its Amendments Annotated and Explained

John Melville Gould - 1904 - 316 pages
...expedient; but each association shall, before the declaration of a dividend, carry one-tenth part of its net profits of the preceding half year to its surplus fund until the same shall amount to twenty per centum of its capital stock." McDonald v. Williams, 174 US 397,...
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A Treatise on the Law of National and State Banks: Including the Clearing ...

Harvey White Magee - 1906 - 864 pages
...expedient; but each association shall, before the declaration of a dividend, carry one-tenth part of its net profits of the preceding half year to its surplus fund until the same shall amount to twenty per centum of its capital stock. 110. EESTRICTION ON LOANS. (SEC. 5200.)...
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Principles of Law: Appendix

1906 - 534 pages
...expedient; but each association shall, before the declaration of a dividend, carry one-tenth part of its net profits of the preceding half year to its surplus fund until the same shall amount to twenty per centum of its capital stock. 110. Restriction on Loans (Sec. 5200)....
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International Library of Technology: A Series of ..., Volume 44, Part 2

1906 - 538 pages
...expedient; but each association shall, before the declaration of a dividend, carry one-tenth part of its net profits of the preceding half year to its surplus fund until the same shall amount to twenty per centum of its capital stock. 110. Restriction on Loans (Sec. 5200)....
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Digest of the Banking, Trust Company, and Building and Loan Association Laws ...

Pennsylvania - 1907 - 194 pages
...each year, as they may see fit, declare a dividend of so much of the net profits of such corporations as they shall judge expedient, and pay the same to...capital stock; if the directors of the corporation shall make any dividends which shall impair the capital thereof, such directors consenting thereto shall...
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