Navigation Top
AGO Logo Graphic
AGO Header Image
File a Complaint
Contact the AGO
AGO Opinions with Topic: USE OF ACCUMULATED PROFITS FOR
AGO 1952 No. 291 >  April 28, 1952
MUTUAL SAVINGS BANKS - DIVIDENDS - USE OF ACCUMULATED PROFITS FOR - LIABILITY OF TRUSTEES
MUTUAL SAVINGS BANKS ‑- DIVIDENDS ‑- USE OF ACCUMULATED PROFITS FOR ‑- LIABILITY OF TRUSTEES Trustees of a mutual savings bank may equalize dividends by using accumulated undivided profits which are not required for expenses, reserves or the guaranty fund, without incurring personal liability therefor.
Content Bottom Graphic
AGO Logo