Allocation of Net Income. 1. The Board of Governors shall determine annually what part of the net income of the Bank, including the net income accruing to Special Funds, shall be allocated, after making provision for reserves, to surplus and what part, if any, shall be distributed to the members.
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Samples: Asian Development Bank Agreement, Treaty Series, www.legislation.gov.au
Allocation of Net Income. 1. The Board of Governors shall determine at least annually what part the disposition of the net income of the BankBank arising from its ordinary operations and what portion thereof, including the net income accruing to Special Fundsif any, shall be allocated, after making provision for reservesreserves or other purposes, to surplus surplus, and what partportion, if any, shall shall, notwithstanding the provisions of Article 12, be allocated to any special fund, including the Special Development Fund, or distributed to the members.
Appears in 3 contracts
Samples: Agreement, Agreement, www.insdip.com
Allocation of Net Income. 1. (a) The Board of Governors shall determine annually what part of the Bank's net income of the Bank, including the net income accruing to Special Funds, shall be allocatedincome, after making provision for reserves, shall be allocated to surplus and what part, if anytiny, shall be distributed to the membersdistributed.
Appears in 3 contracts
Samples: resources.saylor.org, teamlaw.net, loveman.sdsu.edu
Allocation of Net Income. 1. (a) The Board of Governors shall determine annually what part of the Bank's net income of the Bank, including the net income accruing to Special Funds, shall be allocatedincome, after making provision for reserves, shall be allocated to surplus surplus, and what part, if any, shall be distributed to the membersdistributed.
Appears in 1 contract
Samples: nzlii.org
