capital and surplus
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 256 U.S. 377 - LaBelle Iron Works v. United States · 1921Most cited · 123 citing opinions
merely the excess of all assets at actual values over outstanding liabilities, and "surplus" means the intrinsic value of all assets over and above outstanding liabilities plus par of the stock, is beside the mark.
How often courts cite the case defining “capital and surplus”
Court decisions citing the opinion that defined “capital and surplus” — 390 in all, by decade. Counts are citations to the defining case as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.