Section 27. Such corporation shall establish and maintain such surplus accounts as may be determined by the trustees of such corporation to be reasonable and prudent to transact the business for which the corporation is organized. Such surplus accounts may be used to meet losses, contingencies and adjustments arising out of or incidental to the operation of its business and for such other purposes as the trustees from time to time may determine. As used in this chapter, the term “surplus” shall mean and include profit and loss, undivided profits and surplus accounts.
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