 | California, James Henry Deering - Law - 1897 - 1390 pages
...directors of any savings bank, bank, or banking corporation having a capital stock, may *eui]-annually declare a dividend of so much of the net profits of the stockholders as they shall ju.lge expedient; but every such corporation shall, l*fore the declaration... | |
 | Michigan. Banking Division - Banks and banking - 1898 - 340 pages
...Section 13 of the general banking law of this State provides that: "The board of directors of a bank may declare a dividend of so much of the net profits of the bank, after providing for all expenses, losses, interest and taxes accrued or due from said bank, as... | |
 | Andrew Hamilton - Banking law - 1898 - 460 pages
...twice the nominal amount of such stock. 6. The directors of any bank may semi-annually or quarterly declare a dividend of so much of the net profits of the corporation of which they are directors as they shall judge expedient, but each such corporation shall,... | |
 | California - Law - 1899 - 1376 pages
...directors of any sayings bank, bank, or banking corporation having a capital stock, may seiui-annually declare a dividend of so much of the net profits of the stockholders as they shall judge expedient; but every such corporation shall, before the decln ration... | |
 | Abraham Titus Brewer, Gustav Adolf Laubscher - Corporation law - 1900 - 748 pages
...dividend— Shall report semi-annually to auditor of state — 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,... | |
 | New York (State) - Law - 1900 - 862 pages
...twice the nominal amount of such stock. 6. The directors of any bank may semi-annually or quarterly declare a dividend of so much of the net profits of the corporation of which they are directors as they shall judge expedient, but each such corporation shall,... | |
 | Texas - Criminal law - 1901 - 1776 pages
...same shall amount to twenty-five per centum of its capital-stock. . The directors of any association may semi-annually declare a dividend of so much of...of the association as they shall judge expedient, first deducting therefrom the one-tenth part thereof, to be carried to the surplus fund. But neither... | |
 | Indiana - 1901 - 1792 pages
...same shall amount to twenty-five per centum of its capital-stock. The directors of any association may semi-annually declare a dividend of so much of...of the association as they shall judge expedient, first deducting therefrom the one-tenth part thereof, to be carried to the surplus fund. But neither... | |
 | West Virginia - Law - 1901 - 914 pages
...shall not be construed to mean municipal corporations, districts or counties. II. The directors of any bank may semi-annually declare a dividend of so much of the net profits of thf bank as they shall judge expedient; but each bank shall, before the declaration of any dividend,... | |
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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. 
