 | United States. Congress. House - United States - 1863 - 1180 pages
...the association as they shall judge expedient ; but each association shall, before the declaration of a dividend, carry one-tenth part of its net profits of the preceding half year toits surplus fund until the same shall amount to twenty per centum of i ta capital stock. "SEC. 34.... | |
 | Commerce - 1864 - 496 pages
...but each association shall, hefore the declaration of a dividend, carry one-tenth part of its nett profits of the preceding half year to its surplus...same shall amount to twenty per centum of its capital stock. Sec 84. And he it further enacted, That every association shall make to the Comptroller of the... | |
 | Frederick Charles Brightly - Law - 1869 - 680 pages
...association as they shall judge expedient; nividiTds but each association shall, before the declaration of a dividend, carry one-tenth part of its net profits...same shall amount to twenty per centum of its capital stock. 34. No national banking association shall hereafter offer or receive United States 19 Fob. ISMJI.... | |
 | John Torrey Morse (Jr.) - Banking law - 1870 - 600 pages
...the association as they shall judge 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.... | |
 | William Adams Richardson - History - 1873 - 208 pages
...association as they shall judge expedient; but each association shall, Restriction. before the declaration of a dividend, carry one-tenth part of its net profits...same shall amount to twenty per centum of its capital stock.' 3 SEC. 34. [Relating to reports, superseded by act of March 3, 1869, chapter 130.] PURCHASING... | |
 | William Adams Richardson - History - 1873 - 192 pages
...association as they shall judge expedient; but each association shall, Restriction. before the declaration of a dividend, carry one-tenth part of its net profits...same shall amount to twenty per centum of its capital stock. 13 SEC. 34. [Relating to reports, superseded by act of March 3, 1869, chapter 130.J PURCHASING... | |
 | Georgia - Law - 1876 - 456 pages
...before declaring such dividend they shall carry one-tenth of its net profits of the preSnrpiaB ceding half year to its surplus fund, until the same shall amount to twenty per centum of its capital stock, but it shall not be lawful for them to create or accumulate a surplus of profits exceeding one... | |
 | William Lyman Fawcett - Finance - 1876 - 300 pages
...of the association as they shall judge 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.... | |
 | Pennsylvania. Laws, statutes, etc - Law - 1876 - 288 pages
...net profits of the preceding quarter, if it is a quarterly dividend, and at least one-tenth of the net profits of the preceding half year, to its surplus fund until such surplus fund shall amount to twenty-five per centum of its capital stock; if the directors of... | |
 | William Lyman Fawcett - Finance - 1877 - 302 pages
...of the association as they shall judge 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.... | |
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Dividends (Sec. 5199). —The directors of any association may semiannually declare a dividend of so much of the net profits of the association as they shall judge expedient; but each association shall, before the declaration of a dividend, carry one-tenth... 
