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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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Annual Report of the Public Service Commission, Second District, Τόμος 1;Τόμος 6

New York (State). Public Service Commission. 2nd District - 1913
...of the Stock Corporation Law provides, and similar provisions are repeated in the Penal Law, that " the directors of a stock corporation shall not make...its capital stock, except as authorized by law ". In the examination of reports filed in this office, instances have been discovered where dividends have...

Annual Report of the Public Service Commission, Second District

New York (State). Public Service Commission. Second District - 1913
...that " the directors of a stock corporation shall not make dividends, except from the surplus profirs arising from the business of such corporation, nor...its capital stock, except as authorized by law ". In the examination of reports filed in this office, instances have been discovered where dividends have...

Cases on Private Corporations

George Folger Canfield - 1913 - 985 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...

Bradbury's Pleading and Practice Reports, Τόμος 3

Harry Bower Bradbury - 1914
...corporation shall make dividends, except from the surplus or net profits arising from its business, 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 act, and in case of any violation...

The New York Supplement

1916
...certain when we read the provisions of section 28 of the Stock Corporation Law, which provides that : "The directors of a stock corporation shall not make...withdraw or In any way pay to the stockholders or nny of them, any part of the capital of such corporation, or reduce its capital stock, except as authorized...

Lawyers' Reports Annotated

1917
...of that state making it unlawful for a corporation to make any dividend except out of profits, or to divide, withdraw, or in any way pay to the stockholders or any of them any part of the capital stock of the company. This was held notwithstanding the fact that the corporation was solvent and had...

The Northwestern Reporter, Τόμος 161

1917
...of that state making it unlawful for a corporation to make any dividend except out of profits, or to divide, withdraw, or in any way pay to the stockholders or any of them any part of the capital stock of the company. This was held notwithstanding the fact that the corporation was solvent and had...

Cyclopedia of the Law of Private Corporations, Τόμος 2

William Meade Fletcher - 1917
...contract violates Rem. & Bal. Code, § 3697, providing that it shall be unlawful for the trustees to divide, withdraw, or in any way pay to the stockholders, or any of them, any part of the capital stock of the company, or to reduce the same except in the manner prescribed by the statute, articles...

Reports of Cases Determined in the Court of Chancery and ..., Τόμος 3;Τόμος 10

Delaware. Court of Chancery - 1917
...from the surplus, or net profits arising from its business, "but otherwise the corporation shall not 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." By this section the division of the actual capital...

Accounting Theory and Practice: A Text-book for Colleges and ..., Τόμος 2

Roy Bernard Kester - 1918 - 796 σελίδες
...Corporation Law has this to say with regard to the liability of directors for making unauthorized dividends: "The directors of a stock corporation shall not make...its capital stock, except as authorized by law. In the case of any violation of the provisions of this section, the directors under whose administration...




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