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MUTUAL SAVINGS BANKS - DIVIDENDS - USE OF ACCUMULATED PROFITS FOR - LIABILITY OF TRUSTEES
MUTUAL SAVINGS BANKS ‑- DIVIDENDS ‑- USE OF ACCUMULATED PROFITS FOR ‑- LIABILITY OF TRUSTEES Trustees of a mutual savings bank may equalize dividends by using accumulated undivided profits which are not required for expenses, reserves or the guaranty fund, without incurring personal liability therefor.
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