... 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 205av Georgia - 1850Uten tilgangsbegrensning - Om denne boken
 | Michigan - 1921 - 984 sider
...amount of the sum refunded to him or them respectively. SEC. 2. 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... | |
 | Franklin Institute (Philadelphia, Pa.) - 1848 - 488 sider
...Sec. 14. 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... | |
 | Iowa. Supreme Court - 1910 - 876 sider
...of any corporation shall declare and pay any dividend when such corporation is known by them 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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