 | New York (State) - 1867 - 1404 sider
...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 for all that shall be thereafter contracted while they shall respectively continue in office. Provided, that if any of the... | |
 | 1856 - 532 sider
...payment of which would to their knowledge render it insolvent, they shall be jointly and severally liable for all the debts of the company then existing, and for all that shall be thereafter contracted, so long as they shall respectively continue in office: Provided always, that... | |
 | Massachusetts - 1837 - 870 sider
...shall nee^ j^J0™,,,! happen, shall be jointly and severally liable for all the det>ts j^™"* for a11 of the company then existing, and for all that shall be contracted so long as they shall continue in office. SECTION 6. The association shall in no case loan its funds loans tojnemto any others... | |
 | New Jersey - 1842 - 1396 sider
...unable to pay of which would render it so unable, they shall be jointly and its debtsseverally liable for all the debts of the company then existing and for all that shall be thereafter contracted, so long as they shall respectively continue in office ; provided, that the amount... | |
 | New Jersey - 1847 - 954 sider
...any time owe, shall not exceed the amount of its capital stook actually paid in; and in case of -nny excess, the directors under whose administration it...long as they shall respectively continue in office, until the debts shall be reduced to the said amount of the capital stock; provided, that any of the... | |
 | 1848 - 694 sider
...or which would diminish ihe amount of its capital mock, 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: Prodded, That if any of the... | |
 | 1848 - 966 sider
...dividend, the payment of which would render it insolvent, they shall be jointly anil severally liable for all the debts of the company then existing, and for all that shall be thereafter contracted, so long as they shall respectively remain in office: Provided, That if any of... | |
 | New York (State). Legislature - 1848 - 672 sider
...any dividend the payment of which would render it insolvent, shall be jointly and severally liable for all the debts of the company then existing, and for all that shall thereafter be contracted, so long as they shall respectively continue in office. § 21. In case the... | |
 | Illinois - 1849 - 452 sider
...companies shall fail so to do, all the trustees of the company shall be jointly and severally liable for all the debts of the company then existing, and for all that shall be contracted before such report shall be nude. Wo dividend in § J 3. If the trustees of any such company shall... | |
 | Tennessee - 1850 - 698 sider
...companies shall fail so to do, all the trustees of the company shall be jointly and severally liable for all the debts of the company, then existing, and for all that shall be contracted before such report shall be made. SEC. 13. If the trustees of any such company shall declare and pay... | |
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If the directors 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, they shall be jointly and severally liable for all the debts of the company then existing,... 
