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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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Hand-book for Bank Officers

George Mathewes Coffin - Banks and banking - 1893 - 186 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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World's Congress of Bankers and Financiers: Comprising Addresses Upon ...

World's congress of bankers and financiers, Chicago, 1893 - Banks and banking - 1893 - 624 pages
...or otherwise, any portion of its capital or surplus fund. And if any losses shall at any time have been sustained by any such association, equal to or exceeding its undivided profits then on hand in cash, no dividend shall be made; and no dividend shall ever be made by any association, while it...
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A Treatise on the Law of Private Corporations

Henry Osborn Taylor - Corporation law - 1898 - 978 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, tn an amount greater than its net profits then on hand, deducting...
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 174

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - Courts - 1899 - 868 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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Session Laws of 1890-1905: Passed at the 1st-8th Regular Session of the ...

Oklahoma - Law - 1899 - 278 pages
...dividends or otherwise, any portion of its capital. If losses have been at any time sustained by such bank equal to or exceeding its undivided profits then on...hand, no dividend shall be made, and no dividend shall be declared by any bank while it continues its banking busi-ness to any amount greater than its profits...
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Session Laws of 1890-1905: Passed at the 1st-8th Regular Session of the ...

Oklahoma - Law - 1899 - 278 pages
...dividends or otherwise, any portion of its capital. If losses have been at any time sustained by such bank equal to or exceeding its undivided profits then on...hand, no dividend shall be made, and no dividend shall be declared by any bank while it continues its banking business to any amount greater than its profits...
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The Law of Banks and Banking: Including Acceptance, Demand and Notice of ...

John Maxcy Zane - Banking law - 1900 - 864 pages
...eiti1er in the form of dividends or otherwise, any portion of its capita1. 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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Combined Kansas Reports

Kansas - Kansas - 1900 - 1108 pages
...dividends or otherwise, any portion of its capital. If losses have at any time been sustained by such bank equal to or exceeding its undivided profits then on...hand no dividend shall be made, and no dividend shall be declared by any bank while it continues its banking business to any amount greater than its net...
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Ohio Corporations Other Than Municipal: As Authorized by the Old and New ...

Abraham Titus Brewer, Gustav Adolf Laubscher - Corporation law - 1900 - 748 pages
...sustained by any banking company, equal to, or exceeding its undivided profits then on hand, no dividends shall be made, and no dividend shall ever be made by any banking company, while it shall continue its banking operations, to an amount greater than its net...
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United States Circuit Courts of Appeals Reports: With Key-number Annotations ...

Appellate courts - 1900 - 842 pages
...permit to be withdrawn, either In the forms of dividends or otherwise, any portion of its capital, * * * 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 band, deducting...
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