Accumulated Surplus
Black's Law Dictionary · Henry Campbell Black, M.A. · 1910
Black's Law Dictionary
In statutes relative to the luxation of corporations. this term refers to the fund which the company has in excess of its capital and llabill-ties.
Trenton Iron Co. v. Yard, 42 N. J. Law, 357; People's F. Ins. Co. v. Parker, 35 N. J. Law, 575 ; Mutual Ben. L. Ins. Co. v. Utter, 34 N. J. Law, 489; Mills v. Britton, 64 Co.nn. 4, 29 Atl. 231, 24 In R. A. 536.