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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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Public and Local Acts of the Legislature of the State of Michigan, Del 2

Michigan - 1875 - 490 sider
...of the sum refunded to him or them respectively. SEC. 23. 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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Public Acts and Joint and Concurrent Resolutions of the Legislature of the ...

Michigan - 1875
...of the sum liefunded to him or them respectively. SEC. 23. If the directors of any such corporation shall declare and pay a dividend when the corporation...payment of which would render it insolvent, knowing Etich corporation to be insolvent, or that the payment of such dividend would render it so, the directors...
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Revised Code of the Public General Laws of the State of Maryland ..., Volum 1

Maryland - 1879 - 1108 sider
...of au3r such corpora- id. s. 62. tion shall declare and pay any dividend when the corporation is D insolvent, or any dividend, the payment of which would render it insolvent, or would diminish the amount of the capital stock, the}' shall be jointly and severally liable for...
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The Federal Reporter, Volum 80

1897 - 1040 sider
...managers or directors of any such corporation shall declare and pay any dividend when the corporation ls insolvent, or any dividend the payment of which would render it insolvent, or would diminish the amount of the capital stock, they shall be jointly and severally liable for all...
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The Law and Practice of Joint Stock Companies Under the Canadian Acts: A ...

Charles Henry Stephens - 1881 - 680 sider
...CSC, c. 65, s. 23. 26. If the Directors of any Company 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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Statutes at Large of the State of New York: Comprising the Revised ..., Volum 10

New York (State) - 1882 - 1280 sider
...so pafd on such judgment § 19. If the directors of any such corporation 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, the directors voting in favor of declaring...
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A Digest of the Reported Decisions of the Courts of the United States of ...

Charles Pelham Greenough - 1883 - 344 sider
...§ 14. That 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 reduce the amount of their capital, they shall be jointly and severally liable for all...
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Public Acts and Joint and Concurrent Resolutions of the Legislature of the ...

Michigan - 1885
...such corporation shall declare directors liable . т • i т i , i , • ..*, •,.. tor declaring, and pay a dividend when the corporation is insolvent,...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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Census Reports Tenth Census. June 1, 1880: United States mining laws ... and ...

United States. Census Office. 10th Census, 1880 - 1885 - 742 sider
...trustees, or other officers or agents of any corporation shall declare and pay any dividend when such of or which would diminish the amount of its capital stock, all directors, trustees, agents, or officers...
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The Northeastern Reporter, Volum 15

1888
...provided that "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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