Legislation

HB 412 — Session Law

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Mentions of “SURPLUS” — 3 found on pages 1, 2

… exposure, or other potential liability in an aggregate amount up to but not exceeding the amount of its capital and surplus actually paid in and undiminished by losses or otherwise;. (2) To borrow secure any borrowing, guarantee, cr edit e …

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… ccordance with this subsection shall not be counted for purposes of satisfying the minimum capital stock and paid -in surplus required to be maintained by any bank, trust company or limited purpose trust company pursuant to § 745 of this title …

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… t borrowed from all sources shall not at a ny time exceed in the aggregate 25 percent 25% of the amount set aside for surplus and reserves. The amounts borrowed from all sources shall at all times, irrespective of whether or not the same are s …

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