State Codes and Statutes

Statutes > South-dakota > Title-51a > Chapter-06a > Statute-51a-6a-27

51A-6A-27. Source of dividends. No trust company during the time it continues in business, may permit to be withdrawn, in the form of dividends, any portion of its capital required pursuant to § 51A-6A-19. The current dividends of any trust company shall be paid from undivided profits after deducting losses, to be ascertained by generally accepted accounting principals at the time of making the dividend.

Source: SL 1995, ch 268, § 25.

State Codes and Statutes

Statutes > South-dakota > Title-51a > Chapter-06a > Statute-51a-6a-27

51A-6A-27. Source of dividends. No trust company during the time it continues in business, may permit to be withdrawn, in the form of dividends, any portion of its capital required pursuant to § 51A-6A-19. The current dividends of any trust company shall be paid from undivided profits after deducting losses, to be ascertained by generally accepted accounting principals at the time of making the dividend.

Source: SL 1995, ch 268, § 25.