undivided profits
Defined in 2 dictionaries — Case Law, U.S. Code
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
United States Code
12 U.S.C. § 1441B — for purposes of this section (6 versions over time)
The term “undivided profits” means earnings retained after dividends have been paid minus the sum of—
(A) that portion required to be added to reserves maintained pursuant to the first 2 sentences of section 1436 of this title; and
(B) the dollar amounts held by the respective Federal Home Loan Banks in special dividend stabilization reserves on December 31, 1985, as determined by the table set forth in section 1441(d)(7) of this title.
12 U.S.C. § 1441 — in this section (6 versions over time)
For purposes of paragraph (3), the term “undivided profits” means retained earnings minus the sum of—
(A) that portion required to be added to reserves maintained pursuant to the first two sentences of section 1436 of this title; and
(B)