Missouri § 371.150 - Accumulation of earned surplus, requirements.
Full text of Missouri Revised Statutes of Missouri § 371.150 — Accumulation of earned surplus, requirements., with citation guidance and answers to common questions.
§ 371.150. Accumulation of earned surplus, requirements.
The corporation shall set apart as an earned surplus seventy-five percent of its net earnings each year until such earned surplus equals the total of the paid-in capital and paid-in surplus then outstanding. The earned surplus shall be held in cash or invested in obligations of the United States government, and shall be kept and used to meet losses and contingencies of the corporation, and, whenever the amount of the earned surplus shall become impaired, it shall be built up again to the required amount in the manner provided for its original accumulation. Earned surplus not required to be accumulated shall be available for the payment of such dividends as the board of directors shall deem expedient.
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(L. 1961 p. 157 § 14, A.L. 1963 p. 478)
---- end of effective 28 Aug 1963 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 371.150
What does Revised Statutes of Missouri § 371.150 cover?
Section 371.150 ("Accumulation of earned surplus, requirements.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 371.150?
A common citation format is "Revised Statutes of Missouri § 371.150" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 371.150 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.