undivided profits
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 275 U.S. 215 - Willcuts v. Milton Dairy Co. · 1927Most cited · 192 citing opinions
designates such part of the excess as consists of profits 'which have neither been distributed as dividends nor carried to surplus account
How often courts cite the cases defining “undivided profits”
Court decisions citing the 2 opinions that defined “undivided profits” — 376 in all, by decade. Counts are citations to the defining cases 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.
All 2 definitions, chronological · 1925–1927
- ORIGINAL
By most corporations the term 'undivided profits' is employed to describe profits which have neither been distributed as dividends nor carried to surplus account upon the closing of the books; that is, current undistributed earnings.