“Surplus” defined. “Surplus” means a fund created pursuant to the provisions of this title by a bank from payments by stockholders or members or from the bank’s net earnings or undivided profits which, to the amount specified and by any additions thereto set apart and designated as such, is not available for the payment of dividends and cannot be used for the payment of expenses or losses while the bank has undivided profits.
Last modified: February 26, 2006