 | Administrative law - 1996 - 332 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 rand of such association shall equal its common capital, no dividends... | |
 | Kentucky. Court of Appeals, James Hughes, Achilles Sneed, Martin D. Hardin, George Minos Bibb, Alexander Keith Marshall, William Littell - Law reports, digests, etc - 1908 - 952 pages
...majority of them continue in office." Section 596, in article 2, provides: "The board of directors may declare a dividend of so much of the net profits of the bank, after deducting therefrom all expenses, losses, bad or suspended debts, interest and taxes created... | |
 | United States. Congress. Senate. Committee on Banking and Currency - Banking law - 1959 - 74 pages
...5199. (a) 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... | |
 | United States Congress. House. Banking and Currency Committee - 1959 - 84 pages
...5199. (a) 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... | |
 | United States. Congress. Senate. Committee on Banking and Currency - Banking law - 1960 - 772 pages
...5199. (a) 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... | |
 | United States. Office of the Comptroller of the Currency - Banking law - 1966 - 480 pages
...5199).— (a) 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... | |
 | United States. Congress. House. Committee on Ways and Means - Debts, Public - 1967 - 302 pages
...Dividends and surplus fund 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... | |
 | Administrative law - 1996 - 332 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. 
