(a) Before a bank dividend is declared or the net profits for the period covered by the dividend disposed of, and after the restoration of any undivided profits or surplus under AS 06.05.442 , not less than one-fifth of these net profits shall be carried to the bank surplus account until the surplus account equals 100 percent of the paid-in capital of the bank.
(b) The department may require a bank to suspend the payment of any dividends until all orders or requirements of this section and AS 06.05.442 have been complied with.
Section: Previous 06.05.430 06.05.435 06.05.437 06.05.438 06.05.440 06.05.441 06.05.442 06.05.443 06.05.445 06.05.450 06.05.455 06.05.460 06.05.462 06.05.463 NextLast modified: November 15, 2016