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  • PART I ADMINISTRATION OF THE GOVERNMENT
  • TITLE XXII CORPORATIONS
  • CHAPTER 172 TRUST COMPANIES
  • Section 4 Capital structure upon incorporation

Section 4. A trust company shall upon its incorporation have such capital structure as the board of bank incorporation shall deem adequate but not less than the following:

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(b) A surplus account amounting to fifty per cent of its capital stock.

(c) An undivided profits account amounting to fifty per cent of its capital stock.