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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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Miscellaneous Reports. Cases Decided in the Courts of Record of ..., Volum 45

New York (State). Courts, Francis Blaine Delehanty (Reporter), Austin B. Griffin (Reporter), Robert George Scherer (Reporter), Edward Jordan Dimock (Reporter), Joseph Albert Lawson (Reporter), Charles Cook Lester (Reporter), William Van Rensselaer Erving (Reporter), Louis J. Rezzemini (Reporter) - 1905 - 760 sider
...this court has jurisdiction, because section 23 of the Stock Corporation Law of this State provides: "The directors of a stock corporation shall not make dividends, except from the surplus profits arisingfrom the business of such corporation ; nor divide, withdraw or in any way pay to the stockholders,...
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A Selection of Cases on the Law of Private Corporations

Leslie Jay Tompkins - 1908 - 1188 sider
...except from surplus profits. It is further provided that the directors of any corporation shall not 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 capital stock without the consent of the legislature. These...
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Revisal of 1908 of North Carolina: Being the Public and General ..., Volum 1

North Carolina - 1908 - 1486 sider
...arising from its business, nor when its debts, whether due or not, shall exceed two-thirds of its assets, nor divide, withdraw, or in any way pay to the stockholders, or any of them, any part of its capital stock, or reduce its capital stock, except according to this chapter, and in case of any...
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Auditing: A Practical Manual for Auditors

Lawrence Robert Dicksee - 1909 - 612 sider
...is similar to the New York statute. Section 23 of the (New York) Stock Corporation Law provides : " The directors of a stock corporation shall not make...as authorized by law. In case of any violation of th« provisions of this section, the directors under whose administration the same may have happened,...
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Insurance Laws of Wisconsin in Effect July 1, 1909

Wisconsin - 1909 - 242 sider
...corporation shall not make any dividend, except from the surplus profits arising from their business, nor divide, withdraw or in any way pay to the stockholders or any of them any part of its capital or reduce the net surplus of the corporation to an amount less than ten per cent, of its...
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The Laws of the State of New York Relating to Banks, Banking, Trust ...

Willis Seaver Paine - 1910 - 874 sider
...held to be fraudulent and void. § 28. Liability of directors for making unauthorized dividends. — The directors of a stock corporation shall not make...part of the capital of such corporation, or reduce ite capital stock, except as authorized by law. In case of any violation of the provisions of this...
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The Statute and Case Law of the State of New Jersey Relating to Business ...

James Brooks Dill - 1910 - 312 sider
...from its surplus, or from the net profits arising from the business of such corporation, nor shall it divide, withdraw, or in any way pay to the stockholders or any of them, any part of the capital stock of such corporation, or reduce its capital stock except as authorized by law; in case of any...
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Accountancy Problems with Solutions, Volum 2

Leo Greendlinger - 1911 - 466 sider
...directors are liable. Answer. Section 28 of the Stock Corporation Law of the State of New York provides : " The directors of a stock corporation shall not make...In case of any violation of the provisions of this section, directors, under whose administration the same may have happened, except those who may have...
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Miscellaneous Reports. Cases Decided in the Courts of Record of ..., Volum 72

New York (State). Courts - 1911 - 748 sider
...Stock Corporation Law, which so Supreme Court, June, 1911. [Vol. 72. far as applicable provides: " The directors of a stock corporation shall not make...its capital stock, except as authorized by law.'' The term " capital stock " as used in the statute similar to the one above quoted has been construed...
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The Statutory and Case Law Applicable to Private Companies, with Special ...

James Brooks Dill - 1911 - 860 sider
...from its surplus, or from the net profits arising from the business of such corporation, nor shall it divide, withdraw, or in any way pay to the stockholders or any of them, any part of the capital stock of such corporation, or reduce its capital stock except as authorized by law; in case of any...
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