12 U.S.C. § 626
Title 12
Chapter 6
Current through PL 116-220
~1 min read
Last updated: March 30, 2026
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- § 635
- § 635a
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- § 635s
- § 635t
§ 626. Dividends; surplus fund
The directors of any corporation organized under the provisions of this subchapter may, semiannually, declare a dividend of so much of the net profits of the corporation as they shall judge expedient; but each corporation shall, before the declaration of a dividend, carry one-tenth of its net profits of the preceding half year to its surplus fund until the same shall amount to 20 per centum of its capital stock.
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