Sec. 33-193. Distribution of profits; sinking fund.
Sec. 33-193. Distribution of profits; sinking fund. There shall be such distribution of the profits or earnings of such association among the shareholders as is prescribed
by the bylaws; provided no distribution shall be declared or paid until a sum equal to
ten per cent of the net profits is appropriated for a contingent or sinking fund and until
there has been thereby accumulated a sum equal to twenty per cent of the capital stock.
(1949 Rev., S. 5302).