Any net income or any other available profits which remain after reserve and dividend requirements have been met, may be maintained in an undivided profits account.
N.J. Stat. Ann. § 17:12B-131
Undivided profits account
Known as the New Jersey Automobile Full Insurance Availability Act
The act spans §§ 17:10B-1 to 17:9A-99 (3,637 sections).
L.1963, c. 144, s. 131.
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.