{"data":{"id":"us/12-u.s.c.-626","jurisdiction":"us","citation":"12 U.S.C. § 626","heading":"Dividends; surplus fund","body":"The directors of any corporation organized under the provisions of this subchapter may, semiannually, declare a dividend of so much of the net profits of the corporation as they shall judge expedient; but each corporation shall, before the declaration of a dividend, carry one-tenth of its net profits of the preceding half year to its surplus fund until the same shall amount to 20 per centum of its capital stock.","path":["Title 12—BANKS AND BANKING","CHAPTER 6—FOREIGN BANKING"],"source_url":"https://uscode.house.gov/download/releasepoints/us/pl/119/103/xml_usc12@119-103.zip","current_through":"Public Law 119-103 (09/02/2026)","vintage":"","retrieved_at":"2026-09-10T05:56:24Z","sha256":"df00b494cc335b3dee855aae41e7df5d6b270553770b6fb480929733955bbb47","source_id":"us","stale":true,"prev":"us/12-u.s.c.-625","next":"us/12-u.s.c.-627"},"notice":"GroundRules: Original legal text. Not legal advice."}