{"data":{"id":"us-de/5-del.-c.-1536","jurisdiction":"us-de","citation":"5 Del. C. § 1536","heading":"Dividends.","body":"The directors of a credit card institution may declare dividends on common or preferred stock of so much of the net profits of the corporation as they shall judge expedient; but the corporation shall, before the declaration of a dividend from the net profits, carry 50% of its net profits of the preceding period for which the dividend is paid to its surplus fund until the same shall amount to 50% of its capital stock; and thereafter shall carry 25% of its net profits of the preceding period for which the dividend is paid to its surplus fund until the same shall amount to 100% of its capital stock.","path":["Title 5. Banking","Banks and Trust Companies","CHAPTER 15. Credit Card Institutions","Subchapter III. Conduct of Internal Corporate Affairs"],"source_url":"https://delcode.delaware.gov/title5/c015/sc03/index.html#1536","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:05Z","sha256":"512bb643d683feac493d2922a43736cd3758ada3f0e1f0875690df58ddea1a80","source_id":"us-de","stale":true,"prev":"us-de/5-del.-c.-1535","next":"us-de/5-del.-c.-1537"},"notice":"GroundRules: Original legal text. Not legal advice."}