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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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Harvard Law Review, Τόμος 36

1923 - 1144 σελίδες
...event be liable for the debts of the corporation beyond their stock. Holders of such general stock shall be, jointly and severally, individually liable for all the debts of the corporation until such special stock shall be redeemed in full." 3 " RS (1836), c. 38, §9. that...

The Revised Statutes of the Province of Quebec, 1925: Promulgated ..., Τόμος 3

Québec (Province) - 1925 - 1160 σελίδες
...declare and pay vlduailindl~ any dividend when the company is insolvent, or any diviliable, etc. dend the payment of which would render it insolvent, or...which would diminish the amount of its capital stock, the}' shall be jointly and severally liable for all the debts of the company then existing, and for...

The Federal Reporter, Τόμος 249

1918 - 1016 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 asents assenting thereto shall be jointly and severally llahle for all the...

Reports ... Proceedings, Τόμος 18

Ohio State Bar Association - 1897 - 280 σελίδες
...shall declare and pay any dividend when such corporation shall be insolvent, or when such dividend would render it insolvent, or which would diminish the amount of its capital stock, all such directors, officers or agents doingor assenting to such act shall be jointly and severally...

Utility Corporations: Letters from the Chairman of the Federal ..., Τεύχος 63

United States. Federal Trade Commission - 1934 - 1036 σελίδες
...upon the directors for the declaration and payment of any dividend when the corporation is insolvent which would render it insolvent or which would diminish the amount of the capital stock (Code 1924, art. 23, see. 87). The act of 1931 (c. 480, sec. 87), added to section...

Capital Stock Without Par Value

John Raymond Wildman, Weldon Powell - 1928 - 572 σελίδες
...Dividends The payment of a dividend when the corporation is insolvent, or when the payment would make it insolvent, or which would diminish the amount of its capital stock, renders the directors jointly and severally liable for all debts of the corporation then existing,...

Utility Corporations: Letters from the Chairman of the Federal ..., Τεύχος 69

United States. Federal Trade Commission - 1934 - 938 σελίδες
...declare and pay any dividend when such corporation is known by them to be 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 knowingly consenting thereto shall be Jointly and severally liable...

United States Congressional Serial Set

1934 - 1028 σελίδες
...upon the directors for the declaration and payment of any dividend when the corporation is insolvent which would render it insolvent or which would diminish the amount of the capital stock (Code 1924, art. 23, sec. 87). The act of 1931 (c. 480, sec. 87), added to section...

Reports of Civil and Criminal Cases Decided by the Court ..., Τόμος 16;Τόμος 123

Kentucky. Court of Appeals, James Hughes, Achilles Sneed, Martin D. Hardin, George Minos Bibb, Alexander Keith Marshall, William Littell - 1908 - 952 σελίδες
...incorporated company shall declare and pay any dividend when the corporation 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 individually liable for all debts of the corporation then existing,...

The United States Mining Laws and Regulations Thereunder: And ..., Τόμος 880

United States. Census Office - 1991 - 764 σελίδες
...corporation shall declare and pay any dividend when snch 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...




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