Colorado § 7-48-112 Earned surplus

Colorado Statutes

§ 7-48-112 — Earned surplus

Colorado·Title 07 Corporations·Art. Business Development Corporations

Each year the corporation shall set apart as
earned surplus not less than ten percent of its net earnings for the preceding fiscal
year until such surplus is equal in value to one-half of the amount paid in on the
capital stock then outstanding. If the amount of surplus so established becomes
impaired, it shall be built up again to the required amount in the manner provided
for its original accumulation.

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Each year the corporation shall set apart as
earned surplus not less than ten percent of its net earnings for the preceding fiscal
year until such surplus is equal in value to one-half of the amount paid in on the
capital stock then outstanding. If the amount of surplus so established becomes
impaired, it shall be built up again to the required amount in the manner provided
for its original accumulation.

Colorado § 7-48-112 (Earned surplus) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.