{"identifier":"/us/usc/t12/s626","title":12,"num":"\u00a7\u202f626.","heading":"Dividends; surplus fund","text":"\u00a7\u202f626.\nDividends; surplus fund\nThe 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.","url":"https://projectusc.org/usc/t12/s626.html","content":[{"t":"sec","id":"/us/usc/t12/s626","children":[{"t":"num","text":"\u00a7\u202f626."},{"t":"heading","text":"Dividends; surplus fund"},{"t":"content","text":"\n","children":[{"t":"p","text":"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.","tail":"\n"}]},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}