Nevada Administrative Code (Last Updated: January 6, 2015)

NAC677.050. “Capital and surplus not available for dividends” defined.

Latest version.

“Capital and surplus not available for dividends” as used in NRS 677.760 means the sum of capital stock, capital surplus and undivided profits to the extent of 10 percent of the capital stock.

[Dep’t of Commerce, Thrift Companies Reg. § 1 subsec. 1.5, eff. 1-4-78]

                    
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