(1) Undivided profits, as part of capital for loan and investment purposes, shall be the amount reported as undivided profits on the Report of Condition as submitted to OFR at the close of the previous calendar quarter.
    (2) Approved changes in the capital stock issued and outstanding shall be applicable at the date of entry in the bank’s records of account for computation of loan and investment limitations.
Rulemaking Authority Florida Statutes § 655.012(3). Law Implemented 658.48, 658.67 FS. History-New 6-30-81, Formerly 3C-11.23, 3C-11.023, 3C-120.006.