SB 324, 42nd R.S.
Relating to amending certain Acts relating to dividends and reserve so as to provide that if the reserve funds shall not equal ten per cent of the outstanding loans at the time of each apportionment of profits, the directors shall, before apportioning the profits, set aside not less than two and one-half per cent of the net profits accruing since the last apportionment.
Author: Gus Russek
Subjects:
Financial--Savings & Loans
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