17-2333.   Same; surplus.Such corporation shall set apart a surplus not less than ten percent(10%) of its net earnings in each and every year until such surplus, withany unimpaired surplus paid in, shall amount to one-half (1/2) of thecapital stock. The said surplus shall be kept to secure against losses andcontingencies, and whenever the same becomes impaired it shall bereimbursed in the manner provided for its accumulation.

      History:   L. 1955, ch. 144, § 6; June 30.