17-5409


Chapter 17.--CORPORATIONS


Article 54.--SAVINGS AND LOAN CODE; CAPITAL

     
17-5409.   Net worth accounts.
On the semiannual closing date, after payment of or provision for all
expenses, and the payment of dividends or interest on withdrawable capital,
each association shall transfer the balance of earnings to the net worth accounts.

     
History:   L. 1943, ch. 133, § 67; L. 1953, ch. 134, § 1; L. 1981,
ch. 105, § 3; July 1.