On each semiannual closing date, after payment or provision for all expenses and appropriate transfers to reserves, the remainder of net earnings for the half calendar year shall be credited to the undivided profits account.
(Acts 1939, No. 459, p. 616; Code 1940, T. 5, §224.)On each semiannual closing date, after payment or provision for all expenses and appropriate transfers to reserves, the remainder of net earnings for the half calendar year shall be credited to the undivided profits account.
(Acts 1939, No. 459, p. 616; Code 1940, T. 5, §224.)
On each semiannual closing date, after payment or provision for all expenses and appropriate transfers to reserves, the remainder of net earnings for the half calendar year shall be credited to the undivided profits account.
(Acts 1939, No. 459, p. 616; Code 1940, T. 5, §224.)