
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC626]

 
                       TITLE 12--BANKS AND BANKING
 
                       CHAPTER 6--FOREIGN BANKING
 
    SUBCHAPTER II--ORGANIZATION OF CORPORATIONS TO DO FOREIGN BANKING
 
Sec. 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.

(Dec. 23, 1913, ch. 6, Sec. 25A (par.), formerly Sec. 25(a), as added 
Dec. 24, 1919, ch. 18, 41 Stat. 378; renumbered Sec. 25A, Pub. L. 102-
242, title I, Sec. 142(e)(2), Dec. 19, 1991, 105 Stat. 2281.)

                       References in Text

    This subchapter, referred to in text, was in the original ``this 
section'', meaning section 25A of act Dec. 23, 1913, which is classified 
to this subchapter (Sec. 611 et seq.).

                          Codification

    Section is comprised of a part of section 25A, formerly section 
25(a), which was added to act Dec. 23, 1913, ch. 6, by act Dec. 24, 
1919.
