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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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Cumulative Bulletin ... Income Tax Rulings, Volum 2

United States. Bureau of Internal Revenue - 1921 - 778 sider
...directors or other officers or agents of any stock corporation shall declare and pay any dividend when such corporation is insolvent, or any dividend the payment of which would render it insolvent, or which would diminish the amount of its capital stock, all directors, officers, or agents assenting...
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The Northwestern Reporter, Volum 179

1921 - 1112 sider
...any corporation shall declare and pay any dividend when such corporation is known by t li.i-ni to be insolvent, or any dividend the payment of which would render it insolvent^ or_ which would diminish the amount of its capital stock, all directors, officers or agents knowingly...
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Morrison's Corporation Law : Colorado

Robert Stewart Morrison - 1922 - 460 sider
...trustees or other officers or agents of any corporation shall declare and pay any dividend when such corporation is insolvent, or any dividend the payment of which would render it insolvent or which would diminish the amount of. its capital stock, all directors, trustees, agents or officers...
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The Federal Reporter, Volum 249

1918 - 1016 sider
...directors or othor officers or agents of any stock corporation shall declare and pay any dividend when such corporation Is insolvent, or any dividend the payment of which would render it Insolvent, or which would diminish the amount of its capital stock, all directors, officers or asents assenting...
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General Corporation Laws

Michigan - 1927 - 156 sider
...or them respectively. (79) Sec. 2. Liability of Directors. If the directors of any such corporation shall declare and pay a dividend when the corporation...insolvent, knowing such corporation to be insolvent, or that the payment of such dividend would render it so, the directors assenting thereto, shall be jointly...
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Utility Corporations: Letters from the Chairman of the Federal ..., Utgave 69

United States. Federal Trade Commission - 1934 - 936 sider
...of all its corporate powers (CGL, sec. 6555). If the directors shall knowingly 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 the debts of the corporation then existing to the extent...
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Reports of Civil and Criminal Cases Decided by the Court ..., Volum 16;Volum 123

Kentucky. Court of Appeals, James Hughes, Achilles Sneed, Martin D. Hardin, George Minos Bibb, Alexander Keith Marshall, William Littell - 1908 - 952 sider
...part of article 1, provides: "If the directors of any incorporated company shall 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, they shall be jointly and severally individually...
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Laws of the State of Indiana

Indiana - 1851 - 596 sider
...SEC. 13. tf 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 reduce the amount of their capital, they shall jointly and severally be liable for all...
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The United States Mining Laws and Regulations Thereunder: And ..., Volum 880

United States. Census Office - 1991 - 764 sider
...trustees, or other officers or agents of any corporation shall declare and pay any dividend when snch corporation is insolvent, or any dividend the payment of which would render it insolvent, or which would diminish the amount of its capital stock, all directors, trustees, agents, or officers...
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Revision of the Statutes of New Jersey

New Jersey - 2005 - 1616 sider
...made. 14. That if the directors of any such company shall declare and pay any dividend when the company ble for debts due laborers, &c. Empowered to manufacture and sell gas, lay or which would reduce the amount of their capital, they shall be jointly and severally liable for all...
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