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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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Partnership. Private corporations. Public corporations

Albert Hutchinson Putney - 1908
...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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The Modern Law of General Business Corporations in Michigan: Including ...

Burritt Hamilton - 1909 - 478 sider
...Corporation Law.—Section Kelating to Dividends. Section 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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Report of the Commissioner of Corporations on Transportation by Water in the ...

United States. Bureau of Corporations - 1909 - 648 sider
...13. That if the directors of any such company shall declare and pay any dividend when such 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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Laws of the State of Iowa Relating to Insurance, Also to Corporations for ...

Iowa - 1909 - 192 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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Documents of the Senate of the State of New York, Utgave 37,Deler 1-2

New York (State). Legislature. Senate - 1910
...other purpose whatever than to accomplish the legitimate objects of its creation. If the directors shall declare and pay a dividend when the corporation...dividend the payment of which would render it insolvent, they shall be jointly and severally liable for all of the debts of the corporation then existing, and...
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... Report of the Joint Committee of the Senate and Assembly of the State of ...

New York (State). Legislature. Joint Committee to Investigate Telephone and Telegraph Companies - 1910 - 356 sider
...it is authorized to transact any business with persons other than its stockholders. If the directors declare and pay a dividend when the corporation is...dividend the payment of which would render it insolvent or would diminish the amount of its capital stock, they are jointly and severally liable for all of...
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The Law of Illinois Corporations: Including Decisions, Statutes and Forms ...

Rodolphus Waite Joslyn - 1910 - 646 sider
...compel such declaration. Statute as to — Chap. 32. shall declare and pay any dividends 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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The American State Reports: Containing the Cases of General Value ..., Volum 135

Abraham Clark Freeman - 1911
...during the period of any such neglect or refusal." "Sec. 862. If the directors of any such corporation shall declare and pay a dividend when the corporation...any dividend the payment of which would render it so, the directors assenting thereunto shall be jointly and severally liable in an action founded on...
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Accountancy Problems with Solutions, Volum 2

Leo Greendlinger - 1911 - 466 sider
...good." The general statutes of Florida provide : " If the directors 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 the debts of the corporation then existing to the extent...
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Law Governing Manufacturing and Mercantile Corporations and Corporations for ...

Michigan - 1913 - 48 sider
.../4u7. Dividend, when directors liable for declaring. SEC. 22. 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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