Sec. 1-5.10. "Surplus" means the aggregate of (i) amounts paid in excess of the par value of capital stock and preferred stock; (ii) amounts contributed other than for capit.
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/il/chapter-205/act-620/1-5-10·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 1-5.10. "Surplus" means the aggregate of
(i)amounts paid in excess of the par value of capital stock and preferred stock;
(ii)amounts contributed other than for capital stock and preferred stock and allocated to the surplus account; and
(iii)amounts transferred from undivided profits.