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" If the trustees of any such company shall declare and pay any dividend when the company is insolvent, or any dividend the payment of which would render it insolvent, or which would diminish the amount of its capital stock... "
Acts of the Legislature of the State of Michigan - Σελίδα 352
των Michigan - 1855
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Acts of the Legislature of the State of Michigan, Τόμος 1

Michigan - 1867 - 444 σελίδες
...of any company formed under act shall declare or pay any dividend when the company is insolvent, or the payment of which would render it insolvent, or...shall respectively continue stockholders or in office. Sec. 24. But no suit shall be brought against any individual ^t\ stockholder or stockholders, for any...

Public Laws of the State of North-Carolina, Passed by the General Assembly ...

North Carolina - 1869 - 1270 σελίδες
...trustees of any company shall declare and pay any dividend when the company is insolvent, or any dividend, the payment of which would render it insolvent, or...which would diminish the amount of its capital stock, such trustees shall be liable, jointly and severally, for all the debts of the company then existing,...

Statutes at Large of the State of New York: Comprising the Revised ..., Τόμος 3

New York (State) - 1869 - 1006 σελίδες
...demands against the same to the amount in this section mentioned, they shall be jointly and severally liable for all the debts of such company then existing, and for all claims and demands against such company then existing, and for all debts, claims and demands thereafter...

General Laws, Resolutions, and Memorials of the Territory of Wyoming

Wyoming - 1870 - 808 σελίδες
...shall j^nd*1 declare and pay any dividend when the company is insolvent, insdlvcnti or any dividend, the payment of which would render it insolvent, or...would diminish the amount of its capital stock, they shall be joiatly and severally liable for all the debts of the company then existing, and for all that...

The General Laws of the State of California, from 1850 to 1864, Inclusive ...

California, Theodore Henry Hittell - 1871 - 528 σελίδες
...the amount of its capital stock, they shall be jointly and severally liable for all the debts of the company then existing, and for all that shall be thereafter...contracted while they shall respectively continue in office; provided, that if any of the directors shall object to the declaring of such dividend ,...

Acts of the Legislature of the State of Michigan, Τόμος 1

Michigan - 1872 - 1628 σελίδες
...company formed under this act shall declare or pay any dividend when the company is ble ln insolvent, or the payment of which would render it insolvent, or...while they shall respectively continue stockholders or iu office. If any certificate or report made, or public notice given by the officers of any such company,...

Laws, Resolutions, and Memorials of the Territory of Montana Passed at the ...

Montana (Ter.) - 1872 - 802 σελίδες
...any such company shall declare and pay any dividend when the company is insolvent, or any dividend the payment of which would render it insolvent, or...would diminish the amount of its capital stock, they shall be jointly and severally liable for all the debts of the company then existing, and for all that...

Acts, Resolutions and Memorials, of the Territory of Montana, Passed by the ...

Montana - 1872 - 798 σελίδες
...any such company shall declare and pay any dividend when the company is insolvent, or any dividend the payment of which would render it insolvent, or...would diminish the amount of its capital stock, they shall be jointly and severally liable for all the debts of the company then existing, and for all that...

Journal of the Senate of the General Assembly, Τόμος 27,Μέρος 2

Illinois. General Assembly. Senate - 1872 - 934 σελίδες
...corporation shall declare and pay any dividend when such corporation is insolvent, or any dividend the payment of which would render it insolvent, or which would diminish the amount of its ctpital stock, all directors, officers or agents assenting thereto, shall be jointly and severally...

Laws of the State of Illinois: Passed by the ... General Assembly at Their ...

Illinois - 1872 - 944 σελίδες
...shall declare and pay any dividend when snch corporation is insolvent, or any dividend the payment ot which would render it insolvent, or which would diminish the amount of its capital stock, all directors, officers or agents assenting thereto, shall be jointly and severally liable for all...




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