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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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Miscellaneous Documents: 30th Congress, 1st Session - 49th Congress ..., Τόμος 1

United States. Congress. House - 1873 - 1052 σελίδες
...the arnimnt of its capital stock, they shall be jointly and severally liable for ill the debts of the company then existing, and for all that shall be thereafter contracted, while they shall respectively remain in office: Prurided, That if any one of them shall object to the declaring of such áividend,...

A Treatise on the Law of Insurance

Samuel Robinson Clarke - 1873 - 448 σελίδες
...any dividend or bonus out of the paid up capital of the company, or when the company is insolvent or which would render it insolvent, or which would diminish the amount of its capital stock ; such managers, directors, or trustees, who are present when such dividend or bonus is declared, and...

The Revised Statutes of the State of Illinois: A. D. 1874

Illinois - 1874 - 1270 σελίδες
...corporation shall declare and pay any dividend when such corporation is insolvent, or any dividend |. all directors, officers or agents assenting thereto shall be jointly and severally liable for all the...

Laws of the State of New York

New York (State) - 1875 - 966 σελίδες
...declare and pay whenTn- any dividend when the corporation is insolvent, or any dividend the solvent, payment of which would render it insolvent, or which would diminish the amount of its capital stock, the directors voting in favor of declaring such dividend shall be jointly and severally liable for...

The Compiled Laws of Wyoming: Including All the Laws in Force in Said ...

Wyoming - 1876 - 882 σελίδες
...declare and Not to pay pay any dividend when the company is insolvent, or any dividend, dlvld(1"dsthe payment of which would render it insolvent, or which...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 tor all that...

The Law and Practice of Joint Stock Companies Under the Canadian Acts: A ...

Charles Henry Stephens - 1881 - 680 σελίδες
...Directors of any Company 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 thereafter...

Statutes at Large of the State of New York: Comprising the Revised ..., Τόμος 10

New York (State) - 1882 - 1278 σελίδες
...such corporation shall declare and pay any dividend when the corporation is insolvent, or any dividend the payment of which would render it insolvent, or...which would diminish the amount of its capital stock, the directors voting in favor of declaring such dividend shall be jointly and severally liable for...

The Northeastern Reporter, Τόμος 15

1888 - 956 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...

Census Reports Tenth Census. June 1, 1880: United States mining laws ... and ...

United States. Census Office. 10th Census, 1880 - 1885 - 742 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 capital stock, all directors, trustees, agents, or officers assenting thereto shall be jointly and severally liable...

The Revised Statutes of the State of Illinois: Embracing All Laws of a ...

Illinois - 1887 - 2194 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 capital stock, all directors, officers, or agents assenting thereto shall be jointly and severally liable for all...




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