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" ... if the directors of any such corporation shall knowingly declare and pay any dividend when the corporation is insolvent, or any dividend the payment of which would render it insolvent, or which would diminish the amount of its capital stock... "
Acts Passed by the General Assembly of Georgia - Side 205
av Georgia - 1850
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Acts of the General Assembly of the State of New Jersey

New Jersey - 1854 - 632 sider
...such to be- uiaae J r*n»i°'™t nir company shall declare and pay any dividend when such company is insolvent, or any dividend, the payment of which would render it insolvent or which would diminish the amount of its capital stock, they shall be jointly and severally liable...
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Mining Magazine: Devoted to Mines, Mining Operations, Metallurgy & C

1854 - 620 sider
...made. § 18. 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, or which would diminish the amount of its capital stock, they shall be jointly and severally liable...
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Parliamentary Papers, Volum 27

Great Britain. Parliament. House of Commons - 1854 - 328 sider
...directors of any such company shall declare and pay any dividend ^ dividends be made when the company is insolvent, or any dividend the payment of which would render it and corporation ininsolvent, they shall be jointly and severally liable for all the debts of the company...
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Report

Great Britain. Commissioners appointed to inquire and ascertain how far the Mercantile Laws in the different parts of the United Kingdom of Great Britain and Ireland may be advantageously assimilated and also whether any and what alterations and amendments should be made in the Law of artnership as regards the question of the limited or unlimited responsibility of partners - 1854 - 330 sider
...directors of any such company shall declare and pay any dividend If ^Mendi, be made " when the company is insolvent, or any dividend the payment of which would render it and corporation in" insolvent, they shall be jointly and severally liable for all the debts of the...
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Senate Documents, Otherwise Publ. as Public Documents and ..., Volum 11

United States. Congress. Senate - 1856 - 886 sider
...19. If the directors of any corporation hereafter created shall declare and pay any dividend where the corporation 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 corporation then existing, and...
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Digest of the Laws of California: Containing All Laws of a General Character ...

William H. R. Wood - 1857 - 834 sider
...state. Sec. 23. If the directors of the 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, and for...
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The Revised Statutes of the State of Rhode Island and Providence Plantations ...

Rhode Island - 1857 - 882 sider
...debts. SEC. 6. 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, and for...
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Compilation of the Laws in Reference to Such Railroads as Have Received Aid ...

Missouri - 1859 - 164 sider
...be given. § 19. !£. the Directors of any corporation hereafter created shall declare and pay any dividend, when the corporation 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 corp<iration then existing, and...
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Bancroft's California Lawyer and Book of Forms: Containing Instructions for ...

David Price Belknap - 1860 - 778 sider
...If the directors or 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 reduce the amount of the capital stock, all the directors or trustees voting to declare...
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Special Acts & Resolves

Connecticut - 1862 - 162 sider
...declare and pay a dividend when said corporation shall violate any of the provisions of this act, or is insolvent, or any dividend, the payment of which...insolvent, knowing such corporation to be insolvent, or that such dividend would render it insolvent, the directors assenting thereto shall be jointly and...
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