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Is it legal for business corp to convert surplus into reserves?

Relevant answers:

What is legal environment of a business?
The legal environment of a business refers to the relelvant laws and regulations under which the business operates.
Who handles a state's legal business?
The Attorney General
How do you reserve a business name?
You can usually reserve a business name for a corporation, LLC, LLP, or LP by filing the relevant paperwork with the Secretary of State where you plan on registering. Most states require you to...
What is the legal age to start a business?
One can start a business at any age, however if you are under 18, the paperwork becomes complex and you need a legal agent (however this agent can be anyone over 18)
Is FCMS Corp. legal?
FCMS Corp. is a provider of durable medical devices in Oxnard California. There is no online evidence that it is anything other than legal.