Conn. Gen. Stat. § 33-193
Current with legislation from the 2024 Regular and Special Sessions.
There shall be a distribution of the profits or surplus of an association among the member shareholders as is prescribed by the association's bylaws. The board of directors of an association may declare a sum of not more than forty per cent of the net profits or surplus to be appropriated for a contingent or sinking fund, an unallocated reserve fund or a collective account as may be prescribed in the association's bylaws.
Conn. Gen. Stat. § 33-193
(1949 Rev., S. 5302.)