 | Minnesota - Session laws - 1889 - 822 pages
...association may declare dividends out of its net earnings, or any portion thereof, but no dividend shall be made by any association while it continues its...amount greater than its net profits then on hand, after deducting all losses and bad debts. Whenever a dividend is to be declared, the officers and accountants... | |
 | United States - Banking law - 1889 - 120 pages
...while it continues its bank- i"ulitsing operations, to an amount greater than its nei protits tbeu on hand, deducting therefrom its losses and bad debts....due to any associations, on which interest is past i!l!'i «icbt» >ie* ' fiuоd. «lue and unpaid for a period of six months, unless the same are well... | |
 | United States - Finance, Public - 1889 - 90 pages
...any of its capital, except as proTided in section 13, or to make any dividend to an amount exceeding its net profits then on hand, deducting therefrom its losses and bad debts ; and for this purpose all debts on which interest is past due and unpaid for six months, unless they... | |
 | Kansas. Legislature. Senate. Revision Committee - Kansas - 1890 - 248 pages
...any bank while it con7 tinues its banking business, to any amount greater than its net profits on 8 hand, deducting therefrom its losses and bad debts. All debts due to 9 a bank on which the interest is past due and unpaid, for a period of six 10 months, unless the same... | |
 | United States - Banking law - 1891 - 332 pages
...any of its capital, except as provided in section 13, or to make any dividend to an amount exceeding its net profits then on hand, deducting therefrom its losses and bad debts ; and for this purpose all debts on which interest is past due and unpaid for six months, unless they... | |
 | South Dakota - Session laws - 1891 - 392 pages
...if losses have at any time been sustained by such association equal [to] or exceeding its individual profits then on hand, no dividend shall be made; and no dividend shall be made by any association while it continues its banking business to any amount greater than its net... | |
 | World's congress of bankers and financiers, Chicago, 1893 - Banks and banking - 1893 - 624 pages
...sustained by any such association, equal to or exceeding its undivided profits then on hand in cash, no dividend shall be made; and no dividend shall ever be made by any association, while it shall continue its banking operations, to an amount greater than its net profits then on hand, deducting... | |
 | Henry Osborn Taylor - Corporation law - 1898 - 978 pages
...portion of its capital. If losses have at any time been sustained by any such association, equal to or exceeding its undivided profits then on hand, no dividend...association, while it continues its banking operations, tn an amount greater than its net profits then on hand, deducting therefrom its losses and bad debts."... | |
 | United States. Supreme Court - Law reports, digests, etc - 1899 - 868 pages
...portion of its capital. If losses have at any time been sustained by any such association, equal to or exceeding its undivided profits then on hand, no dividend...and bad debts. All debts due to any associations, ou which interest is past due and unpaid for a period Opinion of the Court. The complainant bases his... | |
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If losses have at any time been sustained by any such association, equal to or exceeding its undivided profits then on hand, no dividend shall be made, and no dividend shall ever be made by any association, while it continues its banking operations, to... 
