 | William Adams Richardson - History - 1873 - 192 pages
...That the directors of and hov clared. and how de- any assoc i a ti 0 n may, semi-annually, each year, declare a dividend of so much of the net profits of...shall judge expedient; but each association shall, Restriction. before the declaration of a dividend, carry one-tenth part of its net profits of the preceding... | |
 | United States. Department of Justice - Attorneys general's opinions - 1922 - 710 pages
...dividends. Section 5199, .Revised Statutes, authorizes the directors, subject to certain restrictions, to " declare a dividend of so much of the net profits of the association as they shall judge expedient.'' Since, however, a stock dividend can not be declared without increasing the capital stock, and since... | |
 | Georgia - Law - 1876 - 456 pages
...as borrowed money. Semiannual SEC. VI. Be it furtlier enacted, That the Directors of said div1dends bank may semi-annually declare a dividend of so much of the net profits as they shall deem expedient, but before declaring such dividend they shall carry one-tenth of its... | |
 | Ohio - Session laws - 1877 - 650 pages
...suspended debts within the meaning of this act. SEC. 16. The directors of each banking company shall, semi-annually, declare a dividend of so much of the net profits of the company as they shall judge expedient; but such company shall, before the declaration of a dividend,... | |
 | Colorado - Colorado - 1877 - 1182 pages
...\ tion shall semi-annually (or oftener as they may elect), on the first Monday in January and July, declare a dividend of so much of the net profits of the bank as they shall deem expedient, and on each of such days the president statement to be or cashier... | |
 | Ohio - Session laws - 1879 - 368 pages
...act be amended so as to read as follows : Section 23. The directors of each banking company shall, semi-annually, declare a dividend of so much of the net profits of the company as they shall judge expedient; but such company shall, before the declaration of a dividend,... | |
 | Irving Browne - National banks (United States). - 1880 - 638 pages
...382, 395, 898, 419. Dividends and surplus fund. — 77. (SEC. 5199.) The directors of any association may, semi-annually, declare a dividend of so much...net profits of the association as they shall judge ex• For part of section 5198, see page £30, under head of Suits and Jurisdiction. pedient ; but... | |
 | Georgia - Law - 1883 - 754 pages
...tended to them. Directors gEC. VII. Be it further enacted. That the directors of said bank cfare dtvi- may semi-annually declare a dividend of so much of the net profits net^proHts1 as *nev raav Juc'ge expedient, after defraying its expenses and payrerceiHuge ing its debts;... | |
 | Law reports, digests, etc - 1885 - 892 pages
...the directors of each banking company, semi-annually, on the first Mondays of May and November, to declare a dividend of so much of the net profits of the company as they shall judge expedient; and on each dividend day the cashier shall make out, and verify... | |
 | Massachusetts - Law - 1885 - 720 pages
...reason or in consequence thereof. SECTION 4. The directors of said company may semi- Dividends. annually declare a dividend of so much of the net profits of the company as they shall judge expedient but shall before the declaration of a dividend carry one-tenth... | |
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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. 
