 Dividends (Sec. 5199). —The directors of any association may semiannually declare a dividend of so much of the net profits of the association as they shall judge expedient; but each association shall, before the declaration of a dividend, carry one-tenth...  Banking Act of 1935: Hearings Before a Subcommittee of the Committee on ... - Page 16by United States. Congress. Senate. Committee on Banking and Currency. Subcommittee on Monetary Policy, Banking, and Deposit Insurance - 1935 - 1022 pagesFull view - About this book
 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1910 - 806 pages
...said stock. * * *" It is also provided (section 6102) 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,... | |
 | United States. Supreme Court - 1855 - 702 pages
..." the directors of each banking company, semiannually, 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... | |
 | Michigan. Legislature. Senate - 1857 - 612 pages
...•'Sec. 18. The directors of each bank shall semi-annually on the first Monday in July and December, declare a dividend of so much of the net profits of the bank as they shall deem expedient; and on each of said days the President or Cashier shall make a full,... | |
 | Michigan - 1857 - 1012 pages
...each bank shall semiannual! v. on ridond.1 to be do- * ctarod. the first Monday in July and December, declare a dividend of so much of the net profits of the bank as they shall deem expedient, and on each of said days the President or Cashier sutementor con-... | |
 | Michigan, Thomas McIntyre Cooley - 1857 - 998 pages
...The directors of each bank shall semianmially, on «!»r«a- the first Monday in July and December, declare a dividend of so much of the net profits of the bank as they shall deem expedient, and on each of said days the President or Cashier Btatementof con-... | |
 | Pennsylvania. Laws, statutes, etc - 1861 - 956 pages
...directors of each bank shall semi-anonaciJ° aja clar * da "y' on l ^ e ^ rst Monday ' n -May and November, declare a dividend of so much of the net profits of the bank as they shall judge expedient, and pay the same to the stockholders on deLimitation, mand of,... | |
 | United States. Congress. House - 1863 - 1180 pages
...33. And be it further enacted, That the directors of any association may, semi-annually, each year, declare a dividend of so much of the net profits of...association shall, before the declaration of a dividend, carry one-tenth part of its net profits of the preceding half year toits surplus fund until the same... | |
 | Frederick Charles Brightly - 1869 - 682 pages
...33. The directors of any association may, semi-annually, each year, declare a divi- IWJ. \ 33. dend of so much of the net profits of the association as they shall judge expedient; nividiTds but each association shall, before the declaration of a dividend, carry one-tenth part of... | |
 | John Torrey Morse (Jr.) - 1870 - 600 pages
...33. And be it further enacted, That the directors of any association may, semi-annually, each year, declare a dividend of so much of the net profits of...association shall, before the declaration of a dividend, carry onetenth part of its net profits of the preceding half-year to its surplus fund until the same... | |
 | United States. Supreme Court, Benjamin Robbins Curtis - 1870 - 788 pages
..."the directors of each banking company, semiannually, 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... | |
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