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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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Laws of Missouri Relating to Private Corporations: Other Than Railroad and ...

Millard Fillmore Watts, Missouri - 1903 - 576 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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The Maryland Code, Public General Laws, Codified, Volum 1

Maryland - 1904 - 1282 sider
...sec. 62. 75. If the trustees, managers or 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 would diminish the amount of the capital stock, they shall be jointly and severally liable for all...
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The Law of Foreign Corporations and Taxation of Corporations Both Foreign ...

Joseph Henry Beale - 1904 - 1208 sider
...constitutional provision alone. "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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The Corporation Laws of California: Containing All Provisions of the ...

William Irvin Brobeck, Richard Maury Sims - 1904 - 1094 sider
...company. Sec. 56. If the directors of such company shall declare and p«T 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 conrpany then existing, and for...
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The Iowa Journal of History and Politics, Volum 2

1904 - 698 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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Iowa Journal of History, Volum 2

1904 - 732 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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Insurance Law of Kentucky: All Statutes in Full, All Decisions of Appellate ...

William Warwick Thum, Fred P. Caldwell - 1905 - 976 sider
...liable for debts of corporation. 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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A Treatise on the Incorporation and Organization of Corporations: Created ...

Thomas Gold Frost - 1906 - 736 sider
...debts of the corporation then existing or thereafter contracted when they declare and pay any dividends when the corporation is insolvent or any dividend the payment of which would render the corporation insolvent or which diminishes the amount of its capital stock-; also for assuming to...
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Corporation Law of Maryland

Maryland - 1908 - 390 sider
...50. First: If the trustees, managers or 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 would diminish the amount of the capital stock, they shall be jointly and severally liable to the...
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Popular Law Library, Putney...

Albert H. Putney - 1908 - 408 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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