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" In case of any violation of the provisions of this section, the directors under whose administration the same may have happened, except... "
Annual Report of the Board of Railroad Commissioners of the State of New ... - Σελίδα 74
των New York (State). Board of Railroad Commissioners - 1907
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Reports of Selected Cases Decided in Courts of the State of New ..., Τόμος 45

New York (State). Courts, Francis Blaine Delehanty (Reporter), Austin B. Griffin (Reporter), Robert George Scherer (Reporter), Edward Jordan Dimock (Reporter), Joseph Albert Lawson (Reporter), Charles Cook Lester (Reporter), William Van Rensselaer Erving (Reporter), Louis J. Rezzemini (Reporter) - 1905
...this court has jurisdiction, because section 23 of the Stock Corporation Law of this State provides: "The directors of a stock corporation shall not make dividends, except from the surplus profits arisingfrom the business of such corporation ; nor divide, withdraw or in any way pay to the stockholders,...

A Selection of Cases on the Law of Private Corporations

Leslie Jay Tompkins - 1908 - 1148 σελίδες
...except from surplus profits. It is further provided that the directors of any corporation shall not divide, withdraw or in any way pay to the stockholders, or any of them, any part of the capital stock of such company, or to reduce the capital stock without the consent of the legislature. These...

Revisal of 1908 of North Carolina: Being the Public and General ..., Τόμος 1

North Carolina - 1908
...arising from its business, nor when its debts, whether due or not, shall exceed two-thirds of its assets, nor divide, withdraw, or in any way pay to the stockholders, or any of them, any part of its capital stock, or reduce its capital stock, except according to this chapter, and in case of any...

Auditing: A Practical Manual for Auditors

Lawrence Robert Dicksee - 1909 - 586 σελίδες
...is similar to the New York statute. Section 23 of the (New York) Stock Corporation Law provides : " The directors of a stock corporation shall not make...as authorized by law. In case of any violation of th« provisions of this section, the directors under whose administration the same may have happened,...

Insurance Laws of Wisconsin in Effect July 1, 1909

Wisconsin - 1909 - 232 σελίδες
...corporation shall not make any dividend, except from the surplus profits arising from their business, nor divide, withdraw or in any way pay to the stockholders or any of them any part of its capital or reduce the net surplus of the corporation to an amount less than ten per cent, of its...

The Laws of the State of New York Relating to Banks, Banking, Trust ...

Willis Seaver Paine - 1910 - 811 σελίδες
...held to be fraudulent and void. § 28. Liability of directors for making unauthorized dividends. — The directors of a stock corporation shall not make...part of the capital of such corporation, or reduce ite capital stock, except as authorized by law. In case of any violation of the provisions of this...

Accountancy Problems with Solutions, Τόμος 2

Leo Greendlinger - 1911
...directors are liable. Answer. Section 28 of the Stock Corporation Law of the State of New York provides : " The directors of a stock corporation shall not make...In case of any violation of the provisions of this section, directors, under whose administration the same may have happened, except those who may have...

The Miscellaneous Reports: Cases Decided in the Inferior Courts of ..., Τόμος 72

New York (State). Courts - 1911
...Stock Corporation Law, which so Supreme Court, June, 1911. [Vol. 72. far as applicable provides: " The directors of a stock corporation shall not make...its capital stock, except as authorized by law.'' The term " capital stock " as used in the statute similar to the one above quoted has been construed...

The Statutory and Case Law Applicable to Private Companies, with Special ...

James Brooks Dill - 1911 - 783 σελίδες
...from its surplus, or from the net profits arising from the business of such corporation, nor shall it divide, withdraw, or in any way pay to the stockholders or any of them, any part of the capital stock of such corporation, or reduce its capital stock except as authorized by law; in case of any...

Revised Laws of Nevada: Containing State Statutes of a General ..., Τόμος 1

Nevada - 1912
...except from the net profits arising from the business of the corporation; nor to divide, withdraw, nor in any way pay to the stockholders, or any of them, any part of the capital stock of the company; nor to reduce the capital stock, unless in the manner prescribed in this act,...




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