TCA § 48-101-116 — Earned surplus
The corporation must set aside all net earnings each year as earned surplus until the earned surplus equals the outstanding paid-in capital and paid-in surplus, and it must keep and use that surplus for losses and contingencies.
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- United States — Tennessee
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- Act or statute
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- en
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capital and surplus earnings allocation
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TCA § 48-101-116 — Earned surplus
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