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" ... reserve part of the earnings of a prosperous year to make up for a possible lack of profits in future years; or it may retain portions of its earnings and allow them to accumulate, and then invest them in its... "
Cyclopedia of the Law of Private Corporations - Side 6186
av William Meade Fletcher - 1919
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volum 136

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1890 - 706 sider
...may treat it and deal with it either as profits of its business, or as an addition to its capital. Acting in good faith and for the best interests of all concerned, the corporation may distribute its earnings at once to the stockholders as income ; or it'may reserve...
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volum 136

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1890 - 716 sider
...may treat it and deal with it either as profits of its business, or as an addition to its capital. Acting in good faith and for the best interests of all concerned, the corporation may distribute its earnings at once to the stockholders as income ; or it may reserve...
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The American Probate Reports: Containing Recent Cases of General ..., Volum 7

1892 - 704 sider
...corporation may treat and deal with it either as profits of its business or as an addition to its capital. Acting in good faith, and for the best interests of all concerned, the corporation may distribute its earnings at once to the stockholders as income, or it may reserve...
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Commentaries on the Law of Private Corporations, Volum 2

Seymour Dwight Thompson - 1895 - 1136 sider
...may treat it and deal with it either as profits of its business, or as an addition to its capital. Acting in good faith and for the best interests of all concerned, the corporation may distribute its earnings at once to the stockholders as income ; or it may reserve...
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Reports of Cases Argued and Determined in Ohio Courts of Record ..., Volum 26

William John Tossell - 1918 - 748 sider
...corporation are and remain its property until it distributes them among its stockholders; that when acting in good faith and for the best interests of all concerned, the corporation may reserve the earnings of a prosperous year to make up for a possible lack of profits...
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Reports of Cases Argued and Determined in the Supreme Court of ..., Volum 96

Tennessee. Supreme Court, William Wilcox Cooke - 1897 - 802 sider
...corporation may treat it and deal with it cither as profits of its business or as an addition to its capital. Acting in good faith, and for the best interests of all concerned, the corporation may distribute its earnings at once to the stockholders as income, or it may reserve...
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The American State Reports: Containing the Cases of General Value ..., Volum 118

Abraham Clark Freeman - 1908 - 1158 sider
...corporation may treat it and deal with it as profits of its business, or as an addition to its capital. Acting in good faith and for the best interests of all concerned, the corporation may distribute its earnings at once to the stockholders as income; or it may reserve...
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Corporation Law: A Comprehensive Treatise on Federal and State Legislation ...

American School (Lansing, Ill.), Howard Strickland Abbott - 1913 - 496 sider
...corporation may treat it and deal with it either as profits of its business or as an addition to its capital. Acting in good faith and for the best interests of all concerned, the corporation may distribute its earnings at once to the stockholders as income ; or it may reserve...
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Lawyers' Reports Annotated, Bok 45

1913 - 1330 sider
...may treat it and deal with it either as profits of its business, or as an addition to its capital. Acting in good faith and for the best interests of all concerned, the corporation may distribute its earnings at once to the stockholders as income; or it may reserve...
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The Ohio Nisi Prius Reports, Volum 18

Ohio. Courts - 1916 - 646 sider
...corporation are and remain its property until it distributes them among its stockholders; that whew acting in good faith and for the best interests of all concerned, the corporation may reserve the earnings of a prosperous year to make up for a possible lack of profits...
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