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" ... may not be diminished by the payment of dividends. In case, however, of the issuance of such shares in exchange for the shares of an existing business then having a surplus, such surplus may be retained as a surplus available for the payment of dividends,... "
Interstate Commerce Commission Reports: Reports and Decisions of the ... - Page 611
by United States. Interstate Commerce Commission - 1934
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Wisconsin Session Laws

Wisconsin - 1945 - 1252 pages
...retained as a surplus available for the payment of dividends, or in case said shares without par value are sold by a corporation which has accumulated a...stock be treated as surplus available for dividends. In the event of the payment of a stock dividend in stock without par value, the resolution providing...
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The Laws of Wisconsin

Wisconsin - 1927 - 1052 pages
...retained as a surplus available for the payment of dividends, or in case said shares without par value are sold by a corporation which has accumulated a...stock be treated as surplus available for dividends. In the event of the payment of a stock dividend in stock without par value, the resolution providing...
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Wisconsin Session Laws

Wisconsin - 1927 - 1062 pages
...retained as a surplus available for the payment of dividends, or in case said shares without par value are sold by a corporation which has accumulated a...the corporation, may by resolution of the board of directon adopted prior to the sale of such stock be treated as surplus available for dividends. In...
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Proceedings of the State Bar Association of Wisconsin, Volume 17

State Bar Association of Wisconsin - 1927 - 410 pages
...retained as a surplus available for the payment of dividends, or in case said shares without par value are sold by a corporation which has accumulated a...price as shall bear the same proportion to the total pnce, as the surplus bears to the total of capital and surplus of the corporation, may by resolution...
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