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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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Statutes of the Province of Canada

Canada - 1863 - 514 sider
...meeting thereof. 13. If the Directors of the said Company declare and pay an y 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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The General Statutes of the State of Connecticut: To which are Prefixed the ...

Connecticut - 1866 - 968 sider
...juufvisinwivcnti an(^ PaF a dividend, when the corporation is insolvent, or any dividin-'ctors UaWe, deiid, the payment of which would render it insolvent, knowing such corporation to be insolvent, or that such dividend would render it so, the directors assenting thereunto shall be jointly and severally...
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The Maryland Code: Public general laws

Maryland - 1868 - 440 sider
...If the trustees, managers or directors of any such Dividends. corporation shall declare and pay any dividend when the corporation is insolvent, or any...dividend, the payment of which would render it insolvent, or would diminish the amount of the capital stock, they shall be when manajointly and severally liable...
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Public Laws of the State of North-Carolina, Passed by the General Assembly ...

North Carolina - 1869
...be made. SEC. 18. If the trustees of any 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, such trustees shall be liable, jointly and...
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Laws Passed by the ... Legislature of the State of Texas

Texas - 1866 - 520 sider
...one of their body. SEC. 28. If the directors of any corporation 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 all the debts of the corporation then existing, and...
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Journal of the Senate of the General Assembly, Volum 27,Del 2

Illinois. General Assembly. Senate - 1872 - 934 sider
...or other officers or agents of any st»ck 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 ctpital stock, all directors, officers or agents assenting...
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Laws, Resolutions, and Memorials of the Territory of Montana Passed at the ...

Montana (Ter.) - 1872 - 802 sider
...made. Sec. 1C. If the 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 diminish the amount of its capital stock, they shall be jointly and severally liable...
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Acts, Resolutions and Memorials, of the Territory of Montana, Passed by the ...

Montana - 1872
...made. Sec. 16. If the 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 diminish the amount of its capital stock, they shall be jointly and severally liable...
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The General Statutes of the State of Rhode Island and Providence Plantations ...

Rhode Island - 1872 - 796 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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The Revised Statutes of the State of Illinois: A. D. 1874

Illinois - 1874 - 1270 sider
...directors or other officers or agents of any stock corporation shall declare and pay any dividend when such or which would diminish the amount of its capital stock, all directors, officers or agents assenting...
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