{"data":{"id":"us-md/md.-code-financial-institutions-3-306","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 3–306","heading":"","body":"(a) If the surplus of a commercial bank at any time is less than 100 percent of its capital stock, then, until the surplus is 100 percent of the capital stock, the commercial bank:\n(1) Shall transfer to its surplus annually at least 10 percent of its net earnings; and\n(2) May not declare or pay any cash dividends that exceed 90 percent of its net earnings.\n(b) Any losses of a commercial bank that exceed its undivided profits may be charged to its surplus.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=3-306","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"8bf382dc3f0ddb55bd1ad3a3638565ea697662920c8d7a4240edd1440910b8b0","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-3-305","next":"us-md/md.-code-financial-institutions-3-307"},"notice":"GroundRules: Original legal text. Not legal advice."}