Section 110
SEC. 110. .Before declaring any dividend, five per centum of the net profits must be deducted and set aside as a part of the reserve fund, and the reserve fund thereby created shall be invested as are oilier funds of the bank. The earnings of the reserve fund, whether created out of capital stock or out of profits, shall constitute a part of the reserve. The reserve fund shall be used exclusively for the, purpose of paying losses sustained by the bank in the pursuit of its lawful business: Provided, That the bank may provide by its by-laws for the disposal of any excess in the reserve fund over twenty per centum of its liabilities, inclusive of stock, and also for tin: final disposal of the reserve fund upon the dissolution of the corporation after the payment of all liabilities.