17:12B-131. Undivided profits account
31 words·~1 min read·
/nj/title-17/chapter-12b/17-12b-131·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.
L.1963, c. 144, s. 131.