 | Elmer S. Nelson, Charles Emanuel Martin, William Henry George - Social sciences - 1923 - 850 pages
...examined. 202. Dividends. The directors of any corporation organized under the provisions of this section may, semi-annually, declare a dividend of so much of the net profits of the corporation as they shall judge expedient; but each corporation shall, before the declaration of a... | |
 | Henry Parker Willis, William Howard Steiner - Federal Reserve banks - 1926 - 1202 pages
...corporation examined. The directors of any corporation organized under the provisions of this section may, semi-annually, declare a dividend of so much of the net profits of the corporation as they shall judge erpedient; but each corporation shall, before the declaration of a... | |
 | United States - Law - 1927 - 612 pages
...fund. The directors of any corporation organized under the provisions of this subdivision of chapter 6 may, semiannually, declare a dividend of so much of the net profits of the corporation as they shall judge expedient; but each corporation shall, before the declaration of a... | |
 | California - Civil law - 1927 - 690 pages
...1903—352. 583. The directors of any savings bank, bank, or banking corporation having a capital stock, may semi-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 declaration... | |
 | United States. Federal Reserve Board - Banking law - 1928 - 808 pages
...corporation examined. The directors of any corporation organized under the provisions of this section may, semiannually, declare a dividend of so much of the net profits of the corporation as they shall judge expedient; but each corporation shall, before the declaration of a... | |
 | United States. Congress. Senate. Committee on Banking and Currency - Banking law - 1935 - 368 pages
...title 12, sec. CO), is amended to read as follows : " SEC. 511M). The directors of any association may, semiannually, declare a dividend of so much of...net profits of the association as they shall judge i-\ i '. -. i -- u 1 ; but each association shall, before the declaration of a dividend on its shares... | |
 | United States. U.S. Congress. House. Committee on patents - 1935 - 1498 pages
...corporation examined. "The directors of any corporation organized under the provisions of this <«tion may, semiannually, declare a dividend of so much of the net profits of the corporation as they shall judge expedient ; but each corporation shall, before the declaration of a... | |
 | United States - Law - 1971 - 1248 pages
...surplus fund. The directors of any national banking association may, quarterly, semiannually or annually, declare a dividend of so much of the net profits of the association as they shall judge expedient, except that until the surplus fund of such association shall equal its common capital, no dividends... | |
 | Administrative law - 1992 - 468 pages
...that: (1) The directors of any national banking association may, quarterly, semiannually or annually, declare a dividend of so much of the net profits of the association as they shall judge expedient, except that until the surplus fund of such association shall equal its common capital, no dividends... | |
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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. 
