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" If losses have at any time been sustained by any such association, equal to or exceeding its undivided profits then on hand, no dividend shall be made; and no dividend shall ever be made by any association, while it continues its banking operations, to... "
Appletons' Annual Cyclopaedia and Register of Important Events: Embracing ... - Page 302
1872
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United States Reports: Cases Adjudged in the Supreme Court at ... and Rules ...

United States. Supreme Court - Law reports, digests, etc - 1884 - 666 pages
...either in the form of dividends or otherwise, any portion of its capital. If losses have at any time been sustained by any such association equal to or...dividend shall ever be made by any association while it continues its banking operations, to an amount greater than its net profits then on hand, deducting...
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The Granite Monthly: A Magazine of Literature, History and State ..., Volume 8

Henry Harrison Metcalf, John Norris McClintock - Local history - 1885 - 422 pages
...5204 of the Revised Statutes of the United States provides as follows : " If losses have at any time been sustained by any such association, equal to or...dividend shall ever be made by any association, while it continues its banking operations, to an amount greater than its net profits then on hand, deducting...
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The Bay State Monthly, Volume 3

New England - 1885 - 504 pages
...5204 of the Revised Statutes cf the United States provides as follows : " If losses havfe at any time been sustained by any such association, equal to or...dividend shall ever be made by any association, while it continues its banking operations, to an amount greater than its net profits then on hand, deducting...
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The Granite Monthly: A New Hampshire Magazine Devoted to History ..., Volume 8

Henry Harrison Metcalf, John Norris McClintock - New Hampshire - 1885 - 416 pages
...5204 of the Revised Statutes of the United States provides as follows : " If losses have at any time been sustained by any such association, equal to or...dividend shall ever be made by any association, while it continues its banking operations, to an amount greater than its net profits then on hand, deducting...
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Pratt's Digest of the National Bank Act and Other Laws Relating to National ...

A.S. Pratt & Sons - Banking law - 1886 - 252 pages
...portion of its capital. If losses have at any time been sustained by any such association, equal to of exceeding its undivided profits then on hand, no dividend...dividend shall ever be made by any association, while it continues its banking operations, to an amount greater than its net profits then on hand, deducting...
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A Treatise on the Law of Banks and Banking, Volume 2

John Torrey Morse (Jr.) - Banking law - 1888 - 712 pages
...either in the form of dividends or otherwise, any portion of its capital. If losses have at any time been sustained by any such association, equal to or...dividend shall ever be made by any association, while it continues its banking operations, to an amount greater than its net profits then on hand, deducting...
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National Bank Cases: Containing All Decisions of Both the Federal ..., Volume 3

Irving Browne - National banks (U.S.) - 1889 - 824 pages
...If losses have at any time been sustained equal to or exceeding its undivided profits then on baud no dividend shall be made, and no dividend shall ever be made by any association while it continues its banking operations, to an amount greater than its net profits then on hand, deducting...
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The National-Bank Act and Other Laws Relating to National Banks, from the ...

United States - Banking law - 1889 - 120 pages
...either in the form of dividends or otherwise, any portion of its capital. If losses have at any time been sustained by any such association, equal to or exceeding its undivided profits then on band, no dividend shall be made; and no dividend shall ц.i)ух"е>»1i u""t ever be made by any association,...
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General Laws of the State of Minnesota

Minnesota - Session laws - 1889 - 822 pages
...earnings, or any portion thereof, but no dividend shall be made by any association while it continues its banking operations to an amount greater than its net profits then on hand, after deducting all losses and bad debts. Whenever a dividend is to be declared, the officers and accountants...
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Session Laws

South Dakota - Session laws - 1891 - 392 pages
...if losses have at any time been sustained by such association equal [to] or exceeding its individual profits then on hand, no dividend shall be made; and no dividend shall be made by any association while it continues its banking business to any amount greater than its net...
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