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" In case of any violation of the provisions of this section, the directors under whose administration the same may have happened, except... "
Annual Report of the Board of Railroad Commissioners of the State of New ... - Side 74
av New York (State). Board of Railroad Commissioners - 1907
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The New York Supplement, Volum 195

1922 - 1052 sider
...and payment of dividends. Section 28 of the Stock Corporation Law provides that the directors of a corporation shall not make dividends, except from...profits arising from the business of such corporation, or in any way pay to the stockholders, or any of them, any part of the capital stock of such corporation,...
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The General Law of the State of New Jersey Concerning Corporations, Approved ...

New Jersey - 1889 - 174 sider
...dends, except from the surplus or net profits arising from the business of the corporation, nor to divide, withdraw, or in any way pay to the stockholders or any of them, any part of the capital stock of the said corporation, or to reduce the said capital stock, except according to this act, without...
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The Laws of the State of New York Relating to Building Associations: Being ...

Willis Seaver Paine - 1889 - 130 sider
...business of such corporation ; and it shall not be lawful for the directors of any such company to divide, withdraw, •or in any way pay to the stockholders, or any of them, any part of the capital stock of such company or to reduce the said capital stock, without the consent of the Legislature ;...
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The New York State Reporter, Volum 31

1890 - 1124 sider
...business of such corporation ; and it shall not be lawful for the directors of any such company to divide, withdraw or in any way pay to the stockholders or any of them any part of the capital stock of such company or to reduce the said capital stock without the consent of the legislature."...
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The Act Concerning Corporations in the State of New Jersey, Approved April 7 ...

New Jersey - 1892 - 186 sider
...dividends, except from the surplus or net profits arising from the business of the corporation, nor to divide, withdraw, or in any way pay to the stockholders or any of them, any part of the capital stock of the said corporation, or to reduce the said capital stock, except according to this act, without...
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Revised Statutes of the State of Delaware, of Eighteen Hundred and Fifty-two ...

Delaware - 1893 - 1386 sider
...dividends, except from the surplus or net profits arising from the business of the corporation, nor to divide, withdraw, or in any way pay to the stockholders, or any of them, any part of the capital stock of the said corporation, or to reduce the said capital stock, except according to this act, without...
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Annual Report of the Commissioner of Labor, Utgave 9

United States. Bureau of Labor - 1894 - 738 sider
...samo relation, shall be fixed by the bylaws. SEC. 965. It shall not be lawful for the directors to divide, withdraw, or in any way pay to the stockholders, or any of them, any part of the capital stock, nor to i'uduce the amount of the same. SEC. 966. Whenever it is desired to increase the amount...
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Reports of Cases Heard and Determined in the Appellate Division ..., Volum 171

New York (State). Supreme Court. Appellate Division - 1916 - 1154 sider
...distribution of $700,000 to be made to its stockholders. Section 28 of the Stock Corporation Law provides: " The directors of a stock corporation shall not make...reduce its capital stock, except as authorized by law." A corporation may begin business with a surplus contributed by its stockholders, and may thereafter...
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Reports of Cases Heard and Determined in the Appellate Division ..., Volum 190

New York (State). Supreme Court. Appellate Division - 1920 - 1148 sider
...none could have been legally declared or paid. Section 28 of the Stock Corporation Law provides: " The directors of a stock corporation shall not make...them, any part of the capital of such corporation." Since no profits have been made and so no dividends were or could have been declared it is difficult...
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Acts of the Legislature of the State of New Jersey

New Jersey - 1896 - 474 sider
...capital stock, or reduce except from its capital stock, except according to this act, and iu props'° r case of any violation of the provisions of this section,...directors under whose administration the same may when directors happen shall be joinlly and severally liable, at any time liable within six years after...
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