Under New York law, a mutual company is required to distribute its accumulated profits or equity to its policyholders when it converts to shareholder ownership.
32.
In 2000 and 2001 the company had accumulated profits from Western electricity trades " in the neighborhood of dlrs 1.8 billion, " said the FERC report.
33.
Gov . George Pataki had supported the insurers'effort to create a hybrid company structure that would permit them to reorganize without sharing their accumulated profits with policy-holders.
34.
Conceivably, such a person might have a house in, say, a New York or California suburb worth $ 800, 000 with accumulated profits of $ 600, 000.
35.
In 2000 and 2001 the company had accumulated profits from Western electricity trades " in the neighborhood of dlrs 1 . 8 billion, " said the FERC report.
36.
That would have left the taxpayer owing taxes on the difference between the $ 600, 000 accumulated profit and the $ 250, 000 exemption, or $ 350, 000.
37.
CCS used part of its accumulated profits ( patronage funds ) to build a 12-story cooperative apartment complex in Lower Manhattan with 66 apartments which was opened in 1935.
38.
In that case, taxes will be due, at a 20 percent rate, on the amount the accumulated profits exceed the exemption, regardless of whether a new home is bought.
39.
Met Life and the other mutual insurers say they desperately need the freedom to issue stock _ and the cash that the accumulated profits represent _ to acquire other companies.
40.
Remove Temptation ( make your accumulating profit, tax and under funds difficult to access and view and you will be less tempted to " steal " from yourself ), 4.
How to say accumulated profits in Hindi and what is the meaning of accumulated profits in Hindi? accumulated profits Hindi meaning, translation, pronunciation, synonyms and example sentences are provided by Hindlish.com.
