In statutes relative to the luxation of corporations. this term refers to the fund which the company has in excess of its capital and llabill-ties. Trenton Iron Co. v. Yard, 42 N. J. Law, 357; People's F. Ins. Co. v. Parker, 35 N. J. Law, 575 ; Mutual Ben. L. Ins. Co. v. Utter, 34 N. J. Law, 489; Mills v. Britton, 64 Co.nn. 4, 29 Atl. 231, 24 In R. A. 536.
Definition of Accumulated Surplus
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Definitions from Black's Law Dictionary: 2nd Edition and Ballentine's Law Dictionary as are available for each term in each dictionary.
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Black's Law Dictionary: 2nd Edition