Undivided profits means the amount of retained earnings and any additional amounts held in capital reserve accounts of the savings bank.
Undivided profits means undistributed earnings less
Examples of Undivided profits in a sentence
Undivided profits and capital reserves RCFD 3632 1,273,239 26.a. b.
Undivided profits and capital reserves.....................................
Undivided profits and capital reserves..................................
Undivided profits and capital reserves.................................
Undivided profits and capital reserves...............................
More Definitions of Undivided profits
Undivided profits means the accumulated undistributed net profits of a state bank, including any residue from the fund established pursuant to section 524.401, subsection 4, after:
Undivided profits means the part of equity capital of a state trust company equal to the balance of its net profits, income, gains, and losses since the date of its formation minus subsequent distributions to shareholders or participants and transfers to surplus or capital under share dividends or appropriate board resolutions. The term includes amounts allocated to undivided profits as a result of a merger.
Undivided profits means the accumulated undistributed net profits of a state bank, including any residue from the fund established pursuant to section 524.401, subsection 4, after:
a. Payment or provision for payment of taxes and expenses of operations.
b. Transfers to reserves allocated to a particular asset or class of assets.
c. Losses estimated or sustained on a particular asset or class of assets in excess of the amount of reserves allocated therefor.
Undivided profits means the composite of the bank's net retained earnings from current and prior years' operations;
Undivided profits means the composite of a corporation's net retained earnings
Undivided profits means the composite of the bank's net retained earnings from
Undivided profits means the credit balance of the profit and loss account of any corporation to which this chapter is applicable.