 | Philippines. Bureau of Agriculture - Agriculture - 1924 - 86 pages
...Philippine Islands, or by his duly authorized representative. No dividend shall be paid by any association to an amount greater than its net profits then on hand, deducting therefrom ite losses and bad debts. All debts due any association on which interest is past due and unpaid for... | |
 | George Folger Canfield, Isaac Maurice Wormser - Corporation law - 1925 - 960 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... | |
 | United States - Law - 1927 - 612 pages
...otherwise, any portion of §55 TITLE 12.— BANKS AND BANKING its capital. If losses' have at any tiire been sustained by any such association, equal to or...dividend shall ever be made by any association, while it continues its banl-.mc operations, to an amount greater than its net profits then on hand,, deducting... | |
 | United States. Federal Reserve Board - Banking law - 1928 - 808 pages
...either in10' 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... | |
 | William MacDonald - United States - 1926 - 742 pages
...in form of dividends or otherwise, any portion of its capital. And if losses shall at any time have been sustained by any such association equal to or...hand, deducting therefrom its losses and bad debts. . . . ******** NATIONAL BANK ACT SEC. 41. And be it further enacted, That the plates and special dies... | |
 | United States - Law - 1971 - 1248 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 band, deducting... | |
 | Administrative law - 1993 - 394 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... | |
 | Administrative law - 1996 - 332 pages
...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...hand, deducting therefrom its losses and bad debts. All debts due to any association, on which interest is past due and unpaid for a period of six months,... | |
 | Administrative law - 1998 - 460 pages
...hand, no dividend shall be paid. No dividend shall be paid by a state member bank while it continues its banking operations, to an amount greater than...hand, deducting therefrom its losses and bad debts. (1) Exceptions. Exceptions to the limitations contained in this paragraph (a) may be made only with... | |
 | United States. Congress. Senate. Committee on Banking and Currency - 1956 - 468 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 band, deducting... | |
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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... 
