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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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Principles of Corporation Law

Joseph Chalmers France - 1914 - 463 sider
...: "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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Hubbell's Legal Directory for Lawyers and Businessmen ... for the Year ...

1896 - 1644 sider
...under provisions of the statute. If the directors of a corporation declare or pay a dividend when it is insolvent, or any dividend the payment of which would render it insolvent, knowing the same, the directors assenting thereto are liable for the debts due at the time of the declaration...
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Encyclopedia of Iowa Law: Being a Plain Statement of the Law of Iowa So Far ...

Ezra Christian Ebersole - 1914 - 1698 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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Law of Oil and Natural Gas: A Hand Book of the Statutes of Texas and the ...

Alfred Ernest Wilkinson, Julian Andrew Richardson - 1915 - 162 sider
...When and to What Extent.—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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Materials of Corporation Finance

Charles William Gerstenberg - 1915 - 1040 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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Maryland Corporation Law

Maryland - 1916 - 748 sider
...75. First : If the trustees, managers or directors of any surh 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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History of Economic Legislation in Iowa

Ivan Lester Pollock - 1918 - 386 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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Banking Laws of the State of Missouri: Revision 1919

1919 - 316 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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Cyclopedia of the Law of Private Corporations, Volum 6

William Meade Fletcher - 1919 - 1352 sider
...Graves, 80 Fed. 588. The Missouri statute provides that if the directors knowingly declare anil pay any dividend when the corporation is insolvent, Or any dividend the payment of which would make it Insolvent, or which would diminish the amount of its capital stock, they shall be jointly and...
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The Federal Statutes Annotated: Containing All the Laws of the ..., Volum 2

United States - 1920
...directors or other officers or agents of any stock corporation shall declare and pay any dividend when such 5 Y ae v, z Ӟw G @ h )& 6 t l$s T f' { [ w { kɥ , % /@ 1 or which would diminish the amount of its capital stock, all directors, officers or agents assenting...
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