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 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 are to be calculated by crediting to the profit and loss account earnings from all sources and charging against such account all expenses paid or incurred, interest paid, or accrued and unpaid, on debts owing by the credit union and all losses sustained by it in excess of its reserve fund.
Undivided profits" means the cumulative undistributed amount of a bank's net income not otherwise allocated.Sec.
More Definitions of Undivided profits
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 composite of the bank's net retained earnings from current and prior years' operations;
Undivided profits means the composite of the bank's net retained earnings from
Undivided profits means the composite of a corporation's net retained earnings
Undivided profits means the credit balance of the profit and loss account of any corporation to which this chapter is applicable.
Undivided profits means the cumulative undistributed amount of a bank's net income not otherwise allocated.