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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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Documents Relating to the Atchison, Topeka and Santa Fe Railroad Company ...

Atchison, Topeka, and Santa Fe Railroad Company - 1893 - 1074 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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Private Laws of the State of North-Carolina Passed by the General Assembly

North Carolina - 1893
...demands such removal. Dividends. SEC. 14. The directors of the corporation shall not declare or pay any dividend when the corporation is insolvent, or any dividend the payment of which renders the corporation insolvent or diminishes the capital stock thereof. Trmnirar of slock. SEC....
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Private Laws of the State of North-Carolina Passed by the General Assembly

North Carolina - 1895
...removal. Dividends. SEC. 14. The directors of the corporation shall not declare or pay any dividends when the corporation is insolvent, or any dividend, the payment of which renders the corporation insolvent or diminishes the capital stock thereof. Effect of transfer SEC....
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Annual Report of the Commissioner of Labor, Utgave 9

United States. Bureau of Labor - 1894
...association, and if the trustees of any such association 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 to the extent of the dividend so declared and paid, for...
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Building and Loan Associations

United States. Bureau of Labor - 1894 - 732 sider
...association, and if the trustees "I any such association shall declare .and pay any dividend when the company is insolvent, or any dividend, the payment of which would render it insolvent, they shall he jointly and severally liable to the, extent of the dividend so declared and paid, for...
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The Mine, Quarry and Metallurgical Record of the United States, Canada and ...

Mine and Quarry News Bureau - 1897 - 710 sider
...liability of stockholders Is the amount of their unpaid stock. Directors who knowingly declare and pay any are jointly and severally liable for all of the debts of the corporation then existing and that are...
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The Corporation Laws of the State of Missouri: Revised Statutes of 1899, and ...

Missouri - 1900 - 324 sider
...personally liable, when. — 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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A Treatise on Co-operative Savings and Loan Associations: Including Building ...

Seymour Dexter - 1900 - 330 sider
...association, and if the trustees of any such association shall declare and pay any dividend when the company is insolvent, or any dividend, the payment of which would render it insolvent, they shall bo jointly and severally liable to the extent of the dividend so declared and paid, for...
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Territory of Oklahoma, Session Laws ... of the Legislative Assembly

Oklahoma - 1901
...insolvent; and if the directors of any such corporation shall knowingly declare and pay any dividends 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 debts contracted while they shall respectively continue...
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The American State Reports: Containing the Cases of General Value ..., Volum 95

Abraham Clark Freeman - 1903 - 1072 sider
...insolvent condition; and 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, they shall be jointly and severally liable...
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