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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,... "
Journal of the Franklin Institute - Side 8
1848
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Laws of the State of New York, Volum 2

New York (State) - 1867 - 1404 sider
...and, if the said directors shall fail so to do, all the directors 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. § 15. No person holding stock in said company as executor,...
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The Law Journal for the Year 1832-1949: Comprising Reports of Cases in the ...

1856 - 532 sider
...dividend the payment of which would to their knowledge render it insolvent, they shall be jointly and severally liable for all the debts of the company...thereafter contracted, so long as they shall respectively continue in office: Provided always, that the amount for which they shall all be so liable shall not...
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Acts of the General Assembly of the State of New Jersey

New Jersey - 1842 - 1396 sider
...of the said companies shall fail so to do, all the stockholders 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 notice shall be given. 26. And be it enacted, That if the directors of any such...
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Acts of the General Assembly of the State of New Jersey

New Jersey - 1847 - 954 sider
...administration it shall happen shall be jointly and severally liable, to the extent of such excess, for all the debts of the company then existing, and for all that shall be contracted, so long as they shall respectively continue in office, until the debts shall be reduced...
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Merchants' Magazine and Commercial Review, Volum 18

1848 - 694 sider
...render it insolvent, or which would diminish ihe amount of its capital mock, they shall be jointly and severally liable for all the debts of the company...existing, and for all that shall be thereafter contracted, while they shall respectively continue in office: Prodded, That if any of the trustees shall object...
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Merchants' Magazine and Commercial Review, Volum 18

1848 - 688 sider
...if any of said companies shall fail so to do, ail die 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 snch report shall be made. Sec. 13. If the trustees of any such company shall declare...
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Laws of the State of New York Passed at the Sessions of the Legislature

New York (State). Legislature - 1848 - 672 sider
...is insolvent, or 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...
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The Law of Debtor and Creditor in the United States and Canada

James Philemon Holcombe - 1848 - 528 sider
...render it insolvent, they will be jointly and severally liable for all the debts of the corporation then existing, and. for all that shall be thereafter contracted, so long as they respectively continue in office ; provided that the amount for which they are so liable will not exceed...
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The Western Journal, of Agriculture, Manufactures, Mechanic Arts ..., Volum 1

1848 - 718 sider
...diminish the amount of its capital stock, they shall be jointly and severally liable for all the debis 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 trustees shall object...
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Laws

Illinois - 1849 - 452 sider
...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 lor all that shall be thereafter contracted, while they shall reProriso. speclively continue in office;...
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