Whenever the amount of the earned surplus is reduced below the requirement of this section, it shall be built up again to the required amount in the manner provided for in its original accumulation.
805 ILCS 35/19
The corporation shall set apart as an earned surplus at least 50% of its net earnings each year until such earned surplus equals the total of the capital and paid-in surplus then outstanding
Known as the Illinois Development Credit Corporation Act
The act spans §§ 805-35-1 to 805-35-9 (29 sections).
Laws 1965, p. 577.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.