§ 8-165 — Losses; charged to surplus fund; restoration of surplus fund; effect on dividends.

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Section 8-165
Losses; charged to surplus fund; restoration of surplus fund; effect on dividends.

Any losses sustained by any bank in excess of its undivided profits shall be charged to its surplus fund. Its surplus fund shall thereafter be reimbursed from the earnings, and no dividends shall thereafter be declared or paid by any such bank, without the written permission of the director, until such surplus fund shall be fully restored to its former amount.
Source:
    Laws 1923, c. 191, § 38, p. 458

    C.S.1929, § 8-144

    R.S.1943, § 8-144

    Laws 1949, c. 8, § 1, p. 68

    R.R.S.1943, § 8-144

    Laws 1963, c. 29, § 65, p. 160

    Laws 1988, LB 996, § 5



~Reissue Revised Statutes of Nebraska